Focus Financial Network Inc. Has $399,000 Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Focus Financial Network Inc. boosted its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,610 shares of the company’s stock after buying an additional 312 shares during the period. Focus Financial Network Inc.’s holdings in iShares U.S. Financials ETF were worth $399,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Arlington Trust Co LLC bought a new stake in shares of iShares U.S. Financials ETF in the 4th quarter worth about $41,000. Wealthstar Advisors LLC bought a new stake in shares of iShares U.S. Financials ETF in the 4th quarter worth about $2,158,000. Newbridge Financial Services Group Inc. bought a new stake in shares of iShares U.S. Financials ETF in the 4th quarter worth about $37,000. Moloney Securities Asset Management LLC grew its holdings in shares of iShares U.S. Financials ETF by 3.7% in the 4th quarter. Moloney Securities Asset Management LLC now owns 85,350 shares of the company’s stock worth $9,438,000 after purchasing an additional 3,077 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in shares of iShares U.S. Financials ETF in the 4th quarter worth about $3,836,000.

iShares U.S. Financials ETF Stock Performance

IYF opened at $118.41 on Friday. The firm’s 50-day simple moving average is $114.17 and its 200-day simple moving average is $108.98. iShares U.S. Financials ETF has a twelve month low of $87.36 and a twelve month high of $119.90. The firm has a market cap of $3.29 billion, a price-to-earnings 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.