The Manufacturers Life Insurance Company Buys Shares of 1,016,228 iShares U.S. Financials ETF $IYF

The Manufacturers Life Insurance Company bought a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) in the second quarter, Holdings Channel.com reports. The institutional investor bought 1,016,228 shares of the company’s stock, valued at approximately $129,579,000.

A number of other hedge funds also recently modified their holdings of IYF. Financial Life Planners acquired a new stake in shares of iShares U.S. Financials ETF in the first quarter worth $25,000. Hazlett Burt & Watson Inc. raised its position in iShares U.S. Financials ETF by 666.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 230 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in iShares U.S. Financials ETF during the fourth quarter valued at $32,000. MCF Advisors LLC purchased a new stake in iShares U.S. Financials ETF in the 4th quarter worth about $34,000. Finally, BNP Paribas Financial Markets purchased a new stake in iShares U.S. Financials ETF in the 3rd quarter worth about $34,000.

iShares U.S. Financials ETF Trading Up 0.5%

Shares of NYSEARCA IYF opened at $135.56 on Friday. iShares U.S. Financials ETF has a one year low of $113.62 and a one year high of $139.09. The firm has a market capitalization of $4.57 billion, a PE ratio of 16.42 and a beta of 0.89. The business has a 50-day moving average price of $135.64 and a two-hundred day moving average price of $127.34.

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.