Picton Mahoney Asset Management Purchases New Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

Picton Mahoney Asset Management acquired a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 900 shares of the company’s stock, valued at approximately $100,000.

Several other large investors also recently added to or reduced their stakes in the stock. Private Trust Co. NA boosted its holdings in iShares U.S. Financials ETF by 50.5% in the 4th quarter. Private Trust Co. NA now owns 301 shares of the company’s stock valued at $33,000 after purchasing an additional 101 shares during the last quarter. Kestra Investment Management LLC acquired a new position in iShares U.S. Financials ETF in the fourth quarter valued at approximately $34,000. Newbridge Financial Services Group Inc. acquired a new position in iShares U.S. Financials ETF in the fourth quarter valued at approximately $37,000. Stonebridge Financial Group LLC purchased a new position in shares of iShares U.S. Financials ETF during the 4th quarter worth $37,000. Finally, Arlington Trust Co LLC acquired a new stake in shares of iShares U.S. Financials ETF during the 4th quarter worth about $41,000.

iShares U.S. Financials ETF Price Performance

Shares of IYF stock opened at $110.38 on Monday. iShares U.S. Financials ETF has a 1-year low of $89.10 and a 1-year high of $119.90. The firm has a market cap of $3.58 billion, a PE ratio of 15.00 and a beta of 1.08. The company has a 50-day moving average of $115.07 and a two-hundred day moving average of $111.37.

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.