PFG Advisors Makes New $204,000 Investment in iShares U.S. Financials ETF (NYSEARCA:IYF)

PFG Advisors bought a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,842 shares of the company’s stock, valued at approximately $204,000.

A number of other large investors have also made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its position 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 last quarter. Bank of Montreal Can raised its position in shares of iShares U.S. Financials ETF by 705.1% during the third quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock valued at $44,658,000 after buying an additional 377,999 shares during the last quarter. Magnus Financial Group LLC raised its position 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 valued at $21,366,000 after buying an additional 4,573 shares during the last quarter. MinichMacGregor Wealth Management LLC raised its position in shares of iShares U.S. Financials ETF by 93.1% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 181,005 shares of the company’s stock valued at $20,016,000 after buying an additional 87,248 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of iShares U.S. Financials ETF during the fourth quarter valued at about $19,475,000.

iShares U.S. Financials ETF Stock Up 2.5 %

NYSEARCA IYF opened at $110.38 on Monday. The stock has a market cap of $3.58 billion, a P/E ratio of 15.00 and a beta of 1.08. The company’s 50-day simple moving average is $115.07 and its 200 day simple moving average is $111.37. iShares U.S. Financials ETF has a twelve month low of $89.10 and a twelve 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.