Investment Advisory Group LLC Grows Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Investment Advisory Group LLC grew its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 4.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,860 shares of the company’s stock after acquiring an additional 125 shares during the quarter. Investment Advisory Group LLC’s holdings in iShares U.S. Financials ETF were worth $323,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Schroder Investment Management Group raised its stake in iShares U.S. Financials ETF by 326.7% in the 4th quarter. Schroder Investment Management Group now owns 1,118,327 shares of the company’s stock valued at $123,653,000 after purchasing an additional 856,252 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of iShares U.S. Financials ETF by 56.0% in the fourth quarter. Hsbc Holdings PLC now owns 1,023,916 shares of the company’s stock valued at $113,225,000 after buying an additional 367,508 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of iShares U.S. Financials ETF by 51.3% during the fourth quarter. Bank of Montreal Can now owns 652,991 shares of the company’s stock valued at $72,208,000 after buying an additional 221,383 shares during the period. Wells Fargo & Company MN lifted its stake in shares of iShares U.S. Financials ETF by 56.7% during the fourth quarter. Wells Fargo & Company MN now owns 495,995 shares of the company’s stock valued at $54,847,000 after buying an additional 179,535 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in iShares U.S. Financials ETF during the fourth quarter worth approximately $19,475,000.

iShares U.S. Financials ETF Stock Up 1.4%

IYF stock opened at $116.95 on Monday. The stock’s fifty day simple moving average is $110.91 and its 200-day simple moving average is $113.23. iShares U.S. Financials ETF has a 52-week low of $92.00 and a 52-week high of $119.90. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 14.93 and a beta of 1.02.

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.