Fifth Third Bancorp Acquires 8,154 Shares of iShares U.S. Financials ETF $IYF

Fifth Third Bancorp raised its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 1,164.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 8,854 shares of the company’s stock after acquiring an additional 8,154 shares during the quarter. Fifth Third Bancorp’s holdings in iShares U.S. Financials ETF were worth $1,042,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 purchasing an additional 3,248,510 shares in the last quarter. Dynasty Wealth Management LLC raised 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 during the last quarter. Bank of America Corp DE lifted its holdings in shares of iShares U.S. Financials ETF by 5.7% during the third quarter. Bank of America Corp DE now owns 1,586,519 shares of the company’s stock valued at $200,917,000 after purchasing an additional 86,197 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares U.S. Financials ETF by 184.1% during 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 in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of iShares U.S. Financials ETF during the fourth quarter valued at $103,827,000.

iShares U.S. Financials ETF Price Performance

iShares U.S. Financials ETF stock opened at $134.06 on Friday. iShares U.S. Financials ETF has a one year low of $113.62 and a one year high of $135.26. The business’s fifty day moving average is $128.16 and its 200 day moving average is $125.23. The stock has a market capitalization of $4.50 billion, a PE ratio of 16.42 and a beta of 0.90.

About iShares U.S. Financials ETF

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.