iShares U.S. Financials ETF $IYF Stake Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 19.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 232,802 shares of the company’s stock after purchasing an additional 38,265 shares during the period. Principal Financial Group Inc.’s holdings in iShares U.S. Financials ETF were worth $29,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in IYF. Northwestern Mutual Wealth Management Co. grew its holdings in iShares U.S. Financials ETF by 1.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 701,987 shares of the company’s stock worth $84,933,000 after buying an additional 13,109 shares in the last quarter. JPMorgan Chase & Co. boosted its position in iShares U.S. Financials ETF by 287.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 343,215 shares of the company’s stock worth $41,526,000 after acquiring an additional 254,742 shares during the period. Pinkerton Wealth LLC acquired a new position in iShares U.S. Financials ETF during the 2nd quarter worth $34,244,000. Dynasty Wealth Management LLC bought a new position in shares of iShares U.S. Financials ETF in the third quarter worth $34,595,000. Finally, Sagespring Wealth Partners LLC increased its holdings in shares of iShares U.S. Financials ETF by 7.6% during the third quarter. Sagespring Wealth Partners LLC now owns 238,160 shares of the company’s stock valued at $30,161,000 after purchasing an additional 16,920 shares during the period.

iShares U.S. Financials ETF Trading Up 2.1%

iShares U.S. Financials ETF stock opened at $129.64 on Friday. iShares U.S. Financials ETF has a 52 week low of $95.34 and a 52 week high of $133.54. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 16.42 and a beta of 1.02. The company’s 50-day moving average price is $128.84 and its two-hundred day moving average price is $125.60.

iShares U.S. Financials ETF 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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.