Cottonwood Capital Advisors LLC Makes New $684,000 Investment in iShares U.S. Financials ETF $IYF

Cottonwood Capital Advisors LLC bought a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,809 shares of the company’s stock, valued at approximately $684,000.

A number of other institutional investors have also recently made changes to their positions in IYF. Northwestern Mutual Wealth Management Co. increased its holdings in iShares U.S. Financials ETF by 488.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock worth $504,583,000 after acquiring an additional 3,248,510 shares during the last quarter. Dynasty Wealth Management LLC increased its stake in shares of iShares U.S. Financials ETF by 545.2% in the fourth quarter. Dynasty Wealth Management LLC now owns 1,762,552 shares of the company’s stock worth $227,246,000 after purchasing an additional 1,489,376 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of iShares U.S. Financials ETF in the fourth quarter valued at approximately $103,827,000. JPMorgan Chase & Co. raised its position in shares of iShares U.S. Financials ETF by 184.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,053,341 shares of the company’s stock valued at $135,807,000 after purchasing an additional 682,543 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of iShares U.S. Financials ETF by 1,275.8% during the 3rd quarter. Bank of Montreal Can now owns 699,898 shares of the company’s stock valued at $88,635,000 after buying an additional 649,026 shares in the last quarter.

iShares U.S. Financials ETF Trading Up 0.4%

IYF opened at $129.09 on Wednesday. The company has a 50 day moving average of $124.42 and a 200 day moving average of $124.75. The company has a market cap of $3.54 billion, a PE ratio of 16.42 and a beta of 0.91. iShares U.S. Financials ETF has a 12 month low of $113.62 and a 12 month high of $133.54.

iShares U.S. Financials ETF Company Profile

iShares U.S. Financials ETF, formerly iShares Dow Jones U.S. Financial Sector Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Financials Index (the Index). The Index measures the performance of the financial sector of the United States equity market, and includes companies in industry groups, such as banks, non-life insurance, life insurance, real estate and general finance. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.