Modern Wealth Management LLC Boosts Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

Modern Wealth Management LLC raised its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,081 shares of the company’s stock after buying an additional 299 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares U.S. Financials ETF were worth $362,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IYF. Larson Financial Group LLC grew its holdings in shares of iShares U.S. Financials ETF by 5.5% in the third quarter. Larson Financial Group LLC now owns 2,768 shares of the company’s stock valued at $288,000 after purchasing an additional 145 shares in the last quarter. Bank of Montreal Can lifted its position in iShares U.S. Financials ETF by 705.1% during the third quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock valued at $44,658,000 after purchasing an additional 377,999 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of iShares U.S. Financials ETF by 28.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 769,351 shares of the company’s stock worth $79,936,000 after buying an additional 170,769 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of iShares U.S. Financials ETF by 8.2% in the 3rd quarter. D.A. Davidson & CO. now owns 3,953 shares of the company’s stock worth $411,000 after buying an additional 298 shares during the last quarter. Finally, Townsquare Capital LLC raised its position in shares of iShares U.S. Financials ETF by 4.7% during the 3rd quarter. Townsquare Capital LLC now owns 84,146 shares of the company’s stock valued at $8,743,000 after buying an additional 3,752 shares in the last quarter.

iShares U.S. Financials ETF Trading Down 0.6 %

Shares of NYSEARCA:IYF opened at $113.77 on Friday. The company has a 50-day moving average price of $115.38 and a 200 day moving average price of $111.86. iShares U.S. Financials ETF has a 12 month low of $89.10 and a 12 month high of $119.90. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 15.00 and a beta of 1.08.

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.