Delta Financial Group Inc. Acquires Shares of 5,392 iShares U.S. Financials ETF (NYSEARCA:IYF)

Delta Financial Group Inc. bought a new stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,392 shares of the company’s stock, valued at approximately $596,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IYF. Bank of Montreal Can boosted its position in shares of iShares U.S. Financials ETF by 705.1% during the 3rd quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock valued at $44,658,000 after acquiring an additional 377,999 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of iShares U.S. Financials ETF by 28.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 769,351 shares of the company’s stock valued at $79,936,000 after acquiring an additional 170,769 shares during the last quarter. Apollon Wealth Management LLC boosted its position in shares of iShares U.S. Financials ETF by 1,161.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 124,235 shares of the company’s stock valued at $12,908,000 after acquiring an additional 114,383 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of iShares U.S. Financials ETF by 10,290.9% during the 3rd quarter. International Assets Investment Management LLC now owns 100,584 shares of the company’s stock valued at $10,451,000 after acquiring an additional 99,616 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC bought a new position in shares of iShares U.S. Financials ETF during the 3rd quarter valued at approximately $9,741,000.

iShares U.S. Financials ETF Stock Down 1.6 %

Shares of IYF opened at $115.44 on Friday. The company has a market cap of $3.20 billion, a PE ratio of 16.14 and a beta of 0.84. The business has a fifty day moving average of $114.56 and a 200 day moving average of $109.94. iShares U.S. Financials ETF has a 52-week low of $89.10 and a 52-week high of $119.90.

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.