Moloney Securities Asset Management LLC Purchases 69,384 Shares of iShares U.S. Financials ETF $IYF

Moloney Securities Asset Management LLC lifted its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 1,708.1% during the third quarter, Holdings Channel.com reports. The firm owned 73,446 shares of the company’s stock after purchasing an additional 69,384 shares during the period. iShares U.S. Financials ETF accounts for 1.1% of Moloney Securities Asset Management LLC’s holdings, making the stock its 15th biggest position. Moloney Securities Asset Management LLC’s holdings in iShares U.S. Financials ETF were worth $9,301,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Davis Capital Management bought a new stake in iShares U.S. Financials ETF during the 3rd quarter valued at $35,000. Newbridge Financial Services Group Inc. grew its holdings in shares of iShares U.S. Financials ETF by 39.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 465 shares of the company’s stock valued at $56,000 after buying an additional 131 shares during the last quarter. Assetmark Inc. bought a new stake in shares of iShares U.S. Financials ETF during the second quarter worth about $63,000. Root Financial Partners LLC bought a new stake in shares of iShares U.S. Financials ETF during the third quarter worth about $63,000. Finally, Private Trust Co. NA raised its holdings in shares of iShares U.S. Financials ETF by 106.7% in the 2nd quarter. Private Trust Co. NA now owns 705 shares of the company’s stock worth $85,000 after acquiring an additional 364 shares during the last quarter.

iShares U.S. Financials ETF Stock Performance

Shares of NYSEARCA IYF opened at $129.64 on Friday. The firm’s 50-day simple moving average is $128.84 and its 200 day simple moving average is $125.60. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 16.42 and a beta of 1.02. iShares U.S. Financials ETF has a fifty-two week low of $95.34 and a fifty-two week high of $133.54.

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.