Virtue Capital Management LLC acquired a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,911 shares of the company’s stock, valued at approximately $1,245,000.
Several other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in shares of iShares U.S. Financials ETF during the 3rd quarter worth approximately $32,000. Bank of New Hampshire bought a new position in iShares U.S. Financials ETF in the third quarter valued at approximately $33,000. North Star Investment Management Corp. acquired a new position in iShares U.S. Financials ETF during the third quarter valued at approximately $41,000. Root Financial Partners LLC acquired a new position in iShares U.S. Financials ETF during the third quarter valued at approximately $81,000. Finally, Essential Investment Partners LLC bought a new stake in iShares U.S. Financials ETF during the third quarter worth $96,000.
iShares U.S. Financials ETF Stock Performance
Shares of IYF stock opened at $130.94 on Monday. The stock’s fifty day moving average price is $131.51 and its two-hundred day moving average price is $127.66. The company has a market cap of $3.74 billion, a PE ratio of 16.42 and a beta of 0.91. iShares U.S. Financials ETF has a fifty-two week low of $113.62 and a fifty-two week high of $139.09.
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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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