World Equity Group Inc. Invests $4.01 Million in iShares U.S. Financials ETF (NYSEARCA:IYF)

World Equity Group Inc. bought a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the 4th quarter, HoldingsChannel reports. The fund bought 36,258 shares of the company’s stock, valued at approximately $4,009,000. iShares U.S. Financials ETF comprises approximately 0.9% of World Equity Group Inc.’s investment portfolio, making the stock its 25th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in iShares U.S. Financials ETF in the 4th quarter worth about $34,000. Newbridge Financial Services Group Inc. bought a new stake in iShares U.S. Financials ETF in the 4th quarter worth about $37,000. Stonebridge Financial Group LLC bought a new stake in iShares U.S. Financials ETF in the 4th quarter worth about $37,000. Capital Performance Advisors LLP bought a new stake in iShares U.S. Financials ETF in the 3rd quarter worth about $41,000. Finally, Arlington Trust Co LLC bought a new stake in iShares U.S. Financials ETF in the 4th quarter worth about $41,000.

iShares U.S. Financials ETF Stock Performance

Shares of IYF stock opened at $115.44 on Friday. iShares U.S. Financials ETF has a 52-week low of $89.10 and a 52-week high of $119.90. The company has a 50-day simple moving average of $114.56 and a two-hundred day simple moving average of $109.94. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84.

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.