Valeo Financial Advisors LLC Has $520,000 Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Valeo Financial Advisors LLC boosted its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 26.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,699 shares of the company’s stock after acquiring an additional 985 shares during the quarter. Valeo Financial Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $520,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of IYF. Newbridge Financial Services Group Inc. acquired a new position in iShares U.S. Financials ETF during the fourth quarter worth $37,000. Stonebridge Financial Group LLC acquired a new position in iShares U.S. Financials ETF during the fourth quarter worth $37,000. Capital Performance Advisors LLP acquired a new position in iShares U.S. Financials ETF during the third quarter worth $41,000. Arlington Trust Co LLC acquired a new position in iShares U.S. Financials ETF during the fourth quarter worth $41,000. Finally, Financial Life Planners acquired a new position in iShares U.S. Financials ETF during the fourth quarter worth $42,000.

iShares U.S. Financials ETF Price Performance

iShares U.S. Financials ETF stock opened at $118.50 on Monday. iShares U.S. Financials ETF has a 52-week low of $88.19 and a 52-week high of $119.90. The firm has a market capitalization of $3.29 billion, a P/E ratio of 16.14 and a beta of 0.84. The stock has a fifty day moving average price of $114.23 and a two-hundred day moving average price of $109.22.

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.