C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New $671,000 Investment in iShares U.S. Financials ETF (NYSEARCA:IYF)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,066 shares of the company’s stock, valued at approximately $671,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can increased its stake in iShares U.S. Financials ETF by 705.1% in the third quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock valued at $44,658,000 after purchasing an additional 377,999 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of iShares U.S. Financials ETF by 28.5% in the 3rd 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 in the last quarter. Apollon Wealth Management LLC grew its position in shares of iShares U.S. Financials ETF by 1,161.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 124,235 shares of the company’s stock valued at $12,908,000 after buying an additional 114,383 shares during the last quarter. International Assets Investment Management LLC raised its stake in iShares U.S. Financials ETF by 10,290.9% during the 3rd quarter. International Assets Investment Management LLC now owns 100,584 shares of the company’s stock worth $10,451,000 after acquiring an additional 99,616 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in iShares U.S. Financials ETF in the third quarter valued at $9,741,000.

iShares U.S. Financials ETF Stock Performance

Shares of IYF stock opened at $119.19 on Thursday. The stock’s 50-day moving average is $114.39 and its two-hundred day moving average is $109.57. iShares U.S. Financials ETF has a 1 year low of $88.73 and a 1 year high of $119.90. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84.

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.