iShares U.S. Financials ETF (NYSEARCA:IYF) Shares Purchased by Founders Financial Securities LLC

Founders Financial Securities LLC increased its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 4.1% during the 2nd quarter, Holdings Channel reports. The fund owned 19,180 shares of the company’s stock after purchasing an additional 755 shares during the quarter. Founders Financial Securities LLC’s holdings in iShares U.S. Financials ETF were worth $1,814,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC grew its holdings in iShares U.S. Financials ETF by 436.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 268 shares of the company’s stock valued at $25,000 after purchasing an additional 218 shares during the period. Rothschild Investment LLC acquired a new stake in iShares U.S. Financials ETF in the second quarter valued at approximately $25,000. Global Trust Asset Management LLC grew its holdings in iShares U.S. Financials ETF by 81.1% in the first quarter. Global Trust Asset Management LLC now owns 335 shares of the company’s stock valued at $32,000 after purchasing an additional 150 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in iShares U.S. Financials ETF in the second quarter valued at approximately $57,000. Finally, Principal Securities Inc. acquired a new stake in iShares U.S. Financials ETF in the fourth quarter valued at approximately $63,000.

iShares U.S. Financials ETF Price Performance

NYSEARCA IYF opened at $103.92 on Wednesday. The company has a market cap of $2.88 billion, a PE ratio of 16.14 and a beta of 0.84. The stock’s 50 day simple moving average is $98.97 and its 200-day simple moving average is $95.20. iShares U.S. Financials ETF has a 1-year low of $70.45 and a 1-year high of $105.20.

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.