93,757 Shares in iShares U.S. Financials ETF (NYSEARCA:IYF) Bought by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC bought a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 93,757 shares of the company’s stock, valued at approximately $9,741,000. iShares U.S. Financials ETF accounts for about 2.1% of MinichMacGregor Wealth Management LLC’s investment portfolio, making the stock its 15th largest holding. MinichMacGregor Wealth Management LLC owned approximately 0.34% of iShares U.S. Financials ETF at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Rothschild Investment LLC acquired a new stake in iShares U.S. Financials ETF during the 2nd quarter worth about $25,000. GPS Wealth Strategies Group LLC raised its holdings in shares of iShares U.S. Financials ETF by 436.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 268 shares of the company’s stock valued at $25,000 after acquiring an additional 218 shares during the period. Bogart Wealth LLC lifted its position in shares of iShares U.S. Financials ETF by 34.2% in the 3rd quarter. Bogart Wealth LLC now owns 416 shares of the company’s stock valued at $43,000 after acquiring an additional 106 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in iShares U.S. Financials ETF in the 2nd quarter worth approximately $57,000. Finally, Concourse Financial Group Securities Inc. grew its position in iShares U.S. Financials ETF by 26.5% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 879 shares of the company’s stock worth $91,000 after purchasing an additional 184 shares in the last quarter.

iShares U.S. Financials ETF Trading Up 0.8 %

NYSEARCA:IYF traded up $0.83 during trading hours on Tuesday, hitting $106.69. 8,398 shares of the stock traded hands, compared to its average volume of 198,658. The firm has a 50 day moving average price of $104.90 and a 200 day moving average price of $99.15. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a fifty-two week low of $75.12 and a fifty-two week high of $110.10.

About iShares U.S. Financials ETF

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.