Muirfield Wealth Advisors LLC Takes Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Muirfield Wealth Advisors LLC acquired a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,244 shares of the company’s stock, valued at approximately $359,000.

Several other institutional investors have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its stake in shares of iShares U.S. Financials ETF by 28.5% during the third quarter. The Manufacturers Life Insurance Company now owns 769,351 shares of the company’s stock valued at $79,936,000 after buying an additional 170,769 shares during the period. Bank of Montreal Can lifted its stake in shares of iShares U.S. Financials ETF by 705.1% during the 3rd quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock worth $44,658,000 after purchasing an additional 377,999 shares during the period. Magnus Financial Group LLC boosted its holdings in shares of iShares U.S. Financials ETF by 2.4% during the fourth quarter. Magnus Financial Group LLC now owns 193,219 shares of the company’s stock worth $21,366,000 after purchasing an additional 4,573 shares during the last quarter. MinichMacGregor Wealth Management LLC grew its position in shares of iShares U.S. Financials ETF by 93.1% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 181,005 shares of the company’s stock valued at $20,016,000 after purchasing an additional 87,248 shares during the period. Finally, Cetera Investment Advisers increased its stake in iShares U.S. Financials ETF by 1.2% in the second quarter. Cetera Investment Advisers now owns 125,852 shares of the company’s stock valued at $11,902,000 after purchasing an additional 1,470 shares during the last quarter.

iShares U.S. Financials ETF Trading Down 0.5 %

Shares of NYSEARCA:IYF opened at $118.11 on Monday. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. The stock’s 50-day moving average price is $114.23 and its two-hundred day moving average price is $108.03. iShares U.S. Financials ETF has a 12-month low of $85.37 and a 12-month high of $119.90.

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.