XML Financial LLC Boosts Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

XML Financial LLC increased its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 112,867 shares of the company’s stock after buying an additional 1,262 shares during the quarter. iShares U.S. Financials ETF comprises 1.1% of XML Financial LLC’s holdings, making the stock its 18th largest position. XML Financial LLC’s holdings in iShares U.S. Financials ETF were worth $12,481,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IYF. The Manufacturers Life Insurance Company purchased a new position in iShares U.S. Financials ETF during the second quarter worth about $56,608,000. Bank of Montreal Can increased its stake in iShares U.S. Financials ETF by 705.1% during the third quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock worth $44,658,000 after acquiring an additional 377,999 shares during the last quarter. Apollon Wealth Management LLC raised its position in iShares U.S. Financials ETF by 1,161.0% in the third quarter. Apollon Wealth Management LLC now owns 124,235 shares of the company’s stock valued at $12,908,000 after purchasing an additional 114,383 shares during the period. International Assets Investment Management LLC lifted its stake in shares of iShares U.S. Financials ETF by 10,290.9% in the 3rd quarter. International Assets Investment Management LLC now owns 100,584 shares of the company’s stock valued at $10,451,000 after purchasing an additional 99,616 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC acquired a new position in shares of iShares U.S. Financials ETF in the 3rd quarter valued at $9,741,000.

iShares U.S. Financials ETF Trading Up 0.9 %

Shares of NYSEARCA:IYF opened at $116.89 on Wednesday. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a 12-month low of $85.37 and a 12-month high of $119.90. The business has a 50-day moving average price of $113.88 and a 200 day moving average price of $106.78.

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.