Commonwealth Equity Services LLC Boosts Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Commonwealth Equity Services LLC increased its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 95.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 241,559 shares of the company’s stock after purchasing an additional 118,180 shares during the quarter. Commonwealth Equity Services LLC’s holdings in iShares U.S. Financials ETF were worth $26,712,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Private Trust Co. NA increased its position in shares of iShares U.S. Financials ETF by 50.5% during the fourth quarter. Private Trust Co. NA now owns 301 shares of the company’s stock worth $33,000 after purchasing an additional 101 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in iShares U.S. Financials ETF in the 4th quarter valued at $34,000. Newbridge Financial Services Group Inc. purchased a new position in shares of iShares U.S. Financials ETF during the 4th quarter worth $37,000. Stonebridge Financial Group LLC purchased a new position in shares of iShares U.S. Financials ETF during the 4th quarter worth $37,000. Finally, Arlington Trust Co LLC purchased a new position in shares of iShares U.S. Financials ETF during the 4th quarter worth $41,000.

iShares U.S. Financials ETF Trading Up 2.5 %

IYF opened at $110.38 on Friday. The stock’s 50-day moving average price is $115.07 and its 200 day moving average price is $111.32. iShares U.S. Financials ETF has a 12-month low of $89.10 and a 12-month high of $119.90. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 15.00 and a beta of 1.08.

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.