Magnus Financial Group LLC Has $21.37 Million Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Magnus Financial Group LLC increased its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,219 shares of the company’s stock after buying an additional 4,573 shares during the quarter. iShares U.S. Financials ETF accounts for 2.1% of Magnus Financial Group LLC’s portfolio, making the stock its 10th largest position. Magnus Financial Group LLC’s holdings in iShares U.S. Financials ETF were worth $21,366,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company bought a new stake in iShares U.S. Financials ETF in the second quarter valued at approximately $56,608,000. Bank of Montreal Can lifted its position in iShares U.S. Financials ETF by 705.1% in 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. Apollon Wealth Management LLC increased its stake in shares of iShares U.S. Financials ETF by 1,161.0% during the third quarter. Apollon Wealth Management LLC now owns 124,235 shares of the company’s stock valued at $12,908,000 after buying an additional 114,383 shares during the period. International Assets Investment Management LLC increased its stake in shares of iShares U.S. Financials ETF by 10,290.9% during the third quarter. International Assets Investment Management LLC now owns 100,584 shares of the company’s stock valued at $10,451,000 after buying an additional 99,616 shares during the period. Finally, MinichMacGregor Wealth Management LLC purchased a new position in shares of iShares U.S. Financials ETF during the third quarter valued at approximately $9,741,000.

iShares U.S. Financials ETF Stock Performance

IYF opened at $116.48 on Wednesday. iShares U.S. Financials ETF has a 52-week low of $85.37 and a 52-week high of $119.90. The stock has a market capitalization of $3.23 billion, a PE ratio of 16.14 and a beta of 0.84. The stock’s 50 day moving average price is $113.92 and its 200-day moving average price is $106.93.

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.