Moloney Securities Asset Management LLC Raises Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

Moloney Securities Asset Management LLC grew its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 85,350 shares of the company’s stock after purchasing an additional 3,077 shares during the quarter. iShares U.S. Financials ETF makes up about 1.3% of Moloney Securities Asset Management LLC’s holdings, making the stock its 11th largest position. Moloney Securities Asset Management LLC’s holdings in iShares U.S. Financials ETF were worth $9,438,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can grew its holdings in shares of 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 buying an additional 377,999 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in iShares U.S. Financials ETF by 28.5% in the third 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 period. Apollon Wealth Management LLC lifted 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 position in iShares U.S. Financials ETF by 10,290.9% in the third 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 period. Finally, MinichMacGregor Wealth Management LLC acquired a new stake in iShares U.S. Financials ETF in the third quarter valued at about $9,741,000.

iShares U.S. Financials ETF Stock Down 0.4 %

Shares of NYSEARCA:IYF opened at $118.67 on Friday. The company has a market cap of $3.29 billion, a P/E ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a 52 week low of $86.24 and a 52 week high of $119.90. The company has a 50-day moving average price of $114.15 and a 200 day moving average price of $108.55.

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.