U.S. Capital Wealth Advisors LLC Purchases Shares of 7,591 iShares U.S. Financials ETF (NYSEARCA:IYF)

U.S. Capital Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the 4th quarter, HoldingsChannel reports. The fund purchased 7,591 shares of the company’s stock, valued at approximately $839,000.

Several other hedge funds have also modified their holdings of IYF. The Manufacturers Life Insurance Company raised its position in shares of iShares U.S. Financials ETF by 28.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 769,351 shares of the company’s stock valued at $79,936,000 after purchasing an additional 170,769 shares during the last quarter. Bank of Montreal Can increased its position in shares of iShares U.S. Financials ETF by 705.1% in the 3rd quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock valued at $44,658,000 after acquiring an additional 377,999 shares during the period. Magnus Financial Group LLC increased its position in shares of iShares U.S. Financials ETF by 2.4% in the 4th quarter. Magnus Financial Group LLC now owns 193,219 shares of the company’s stock valued at $21,366,000 after acquiring an additional 4,573 shares during the period. MinichMacGregor Wealth Management LLC increased its position in shares of iShares U.S. Financials ETF by 93.1% in the 4th quarter. MinichMacGregor Wealth Management LLC now owns 181,005 shares of the company’s stock valued at $20,016,000 after acquiring an additional 87,248 shares during the period. Finally, Apollon Wealth Management LLC increased its position in shares of iShares U.S. Financials ETF by 1,161.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 124,235 shares of the company’s stock valued at $12,908,000 after acquiring an additional 114,383 shares during the period.

iShares U.S. Financials ETF Price Performance

NYSEARCA IYF opened at $117.13 on Wednesday. The stock’s fifty day moving average price is $114.20 and its 200 day moving average price is $108.15. iShares U.S. Financials ETF has a 1 year low of $86.21 and a 1 year high of $119.90. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84.

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.