Stonebridge Financial Group LLC Buys Shares of 337 iShares U.S. Financials ETF (NYSEARCA:IYF)

Stonebridge Financial Group LLC bought a new position in iShares U.S. Financials ETF (NYSEARCA:IYF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 337 shares of the company’s stock, valued at approximately $37,000.

A number of other hedge funds also recently made changes to their positions in the stock. Concourse Financial Group Securities Inc. lifted its stake in iShares U.S. Financials ETF by 26.5% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 879 shares of the company’s stock valued at $91,000 after purchasing an additional 184 shares during the last quarter. Stratos Investment Management LLC increased its holdings in shares of iShares U.S. Financials ETF by 67.2% during the third quarter. Stratos Investment Management LLC now owns 5,269 shares of the company’s stock worth $547,000 after buying an additional 2,118 shares in the last quarter. Raymond James & Associates lifted its stake in shares of iShares U.S. Financials ETF by 3.5% in the 3rd quarter. Raymond James & Associates now owns 100,471 shares of the company’s stock valued at $10,439,000 after acquiring an additional 3,399 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of iShares U.S. Financials ETF by 66.9% during the 3rd quarter. Private Advisor Group LLC now owns 37,370 shares of the company’s stock valued at $3,883,000 after acquiring an additional 14,983 shares in the last quarter. Finally, Saxony Capital Management LLC bought a new stake in iShares U.S. Financials ETF during the 3rd quarter worth $204,000.

iShares U.S. Financials ETF Stock Up 0.9 %

Shares of IYF opened at $118.41 on Friday. The stock has a market cap of $3.29 billion, a PE ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a 12-month low of $87.36 and a 12-month high of $119.90. The business has a 50-day simple moving average of $114.17 and a two-hundred day simple moving average of $108.98.

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.