C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New $671,000 Investment in iShares U.S. Financials ETF (NYSEARCA:IYF)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,066 shares of the company’s stock, valued at approximately $671,000.

A number of other hedge funds also recently modified their holdings of IYF. Newbridge Financial Services Group Inc. acquired a new position in shares of iShares U.S. Financials ETF in the 4th quarter valued at approximately $37,000. Stonebridge Financial Group LLC acquired a new position in shares of iShares U.S. Financials ETF in the fourth quarter valued at approximately $37,000. Capital Performance Advisors LLP acquired a new position in shares of iShares U.S. Financials ETF in the third quarter valued at approximately $41,000. Arlington Trust Co LLC bought a new stake in shares of iShares U.S. Financials ETF during the fourth quarter worth $41,000. Finally, Financial Life Planners acquired a new stake in shares of iShares U.S. Financials ETF during the fourth quarter worth $42,000.

iShares U.S. Financials ETF Trading Up 0.9 %

Shares of NYSEARCA IYF opened at $118.41 on Friday. The company has a fifty day moving average price of $114.17 and a 200 day moving average price of $108.98. The firm has a market cap of $3.29 billion, a PE ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a 1-year low of $87.36 and a 1-year high of $119.90.

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.