Hsbc Holdings PLC Makes New Investment in iShares U.S. Financials ETF $IYF

Hsbc Holdings PLC purchased a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 805,296 shares of the company’s stock, valued at approximately $103,827,000.

Other institutional investors have also modified their holdings of the company. Lpwm LLC lifted its stake in iShares U.S. Financials ETF by 1.8% during the 4th quarter. Lpwm LLC now owns 4,871 shares of the company’s stock worth $628,000 after acquiring an additional 86 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in iShares U.S. Financials ETF by 0.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 26,926 shares of the company’s stock valued at $3,472,000 after acquiring an additional 86 shares during the period. SeaCrest Wealth Management LLC grew its position in iShares U.S. Financials ETF by 3.9% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 2,399 shares of the company’s stock valued at $300,000 after acquiring an additional 90 shares in the last quarter. Root Financial Partners LLC grew its position in iShares U.S. Financials ETF by 19.4% in the 4th quarter. Root Financial Partners LLC now owns 597 shares of the company’s stock valued at $77,000 after acquiring an additional 97 shares in the last quarter. Finally, Vivaldi Capital Management LP increased its stake in iShares U.S. Financials ETF by 3.6% during the second quarter. Vivaldi Capital Management LP now owns 2,769 shares of the company’s stock worth $335,000 after purchasing an additional 97 shares during the period.

iShares U.S. Financials ETF Stock Performance

Shares of IYF opened at $131.89 on Friday. The stock has a market capitalization of $4.04 billion, a PE ratio of 16.42 and a beta of 0.90. iShares U.S. Financials ETF has a 1 year low of $113.62 and a 1 year high of $133.54. The company’s 50-day simple moving average is $125.12 and its 200-day simple moving average is $124.84.

iShares U.S. Financials ETF 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.