Anchor Investment Management LLC Grows Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Anchor Investment Management LLC raised its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 320.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 693 shares of the company’s stock after buying an additional 528 shares during the quarter. Anchor Investment Management LLC’s holdings in iShares U.S. Financials ETF were worth $72,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC bought a new position in iShares U.S. Financials ETF in the 2nd quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new position in shares of iShares U.S. Financials ETF in the third quarter worth $41,000. Bogart Wealth LLC grew its position in shares of iShares U.S. Financials ETF by 34.2% in the third quarter. Bogart Wealth LLC now owns 416 shares of the company’s stock valued at $43,000 after purchasing an additional 106 shares in the last quarter. Concourse Financial Group Securities Inc. raised its stake in shares of 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 valued at $91,000 after purchasing an additional 184 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of iShares U.S. Financials ETF in the second quarter worth about $92,000.

iShares U.S. Financials ETF Price Performance

NYSEARCA IYF opened at $114.08 on Friday. The company’s 50 day simple moving average is $112.19 and its two-hundred day simple moving average is $103.53. iShares U.S. Financials ETF has a 1 year low of $83.28 and a 1 year high of $119.90. The stock has a market capitalization of $3.17 billion, a PE ratio of 16.14 and a beta of 0.84.

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.