Navellier & Associates Inc. Buys New Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

Navellier & Associates Inc. purchased a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,788 shares of the company’s stock, valued at approximately $640,000.

A number of other large investors have also recently bought and sold shares of the stock. Kestra Investment Management LLC bought a new stake in shares of iShares U.S. Financials ETF during the fourth quarter worth $34,000. Newbridge Financial Services Group Inc. acquired a new position in iShares U.S. Financials ETF in the fourth quarter valued at about $37,000. Stonebridge Financial Group LLC acquired a new position in iShares U.S. Financials ETF in the fourth quarter valued at about $37,000. Capital Performance Advisors LLP acquired a new stake in shares of iShares U.S. Financials ETF during the third quarter worth about $41,000. Finally, Arlington Trust Co LLC acquired a new stake in shares of iShares U.S. Financials ETF during the fourth quarter worth about $41,000.

iShares U.S. Financials ETF Stock Performance

NYSEARCA:IYF opened at $115.44 on Friday. The stock has a 50-day simple moving average of $114.56 and a 200 day simple moving average of $109.84. The company has a market cap of $3.20 billion, a PE ratio of 16.14 and a beta of 0.84. 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 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.