Royal Bank of Canada Has $35.04 Million Stock Position in iShares U.S. Financials ETF $IYF

Royal Bank of Canada raised its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,765 shares of the company’s stock after purchasing an additional 8,823 shares during the quarter. Royal Bank of Canada’s holdings in iShares U.S. Financials ETF were worth $35,036,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Financial Life Planners purchased a new stake in shares of iShares U.S. Financials ETF during the 1st quarter worth about $25,000. Flagship Harbor Advisors LLC bought a new stake in shares of iShares U.S. Financials ETF in the 4th quarter valued at approximately $26,000. Key Capital Management INC acquired a new position in iShares U.S. Financials ETF in the fourth quarter worth approximately $28,000. Hazlett Burt & Watson Inc. increased its holdings in iShares U.S. Financials ETF by 666.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 230 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in iShares U.S. Financials ETF during the fourth quarter valued at approximately $32,000.

iShares U.S. Financials ETF Stock Performance

Shares of IYF opened at $135.92 on Tuesday. The firm has a market cap of $4.58 billion, a PE ratio of 16.42 and a beta of 0.90. The firm’s 50 day moving average price is $129.62 and its 200 day moving average price is $125.35. iShares U.S. Financials ETF has a twelve month low of $113.62 and a twelve month high of $136.77.

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