Millstone Evans Group LLC Purchases New Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

Millstone Evans Group LLC purchased a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,706 shares of the company’s stock, valued at approximately $299,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IYF. Thrivent Financial for Lutherans lifted its stake in iShares U.S. Financials ETF by 2.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 110,808 shares of the company’s stock valued at $11,513,000 after buying an additional 2,792 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in iShares U.S. Financials ETF in the 3rd quarter valued at about $361,000. WESPAC Advisors LLC lifted its stake in iShares U.S. Financials ETF by 27.4% in the 3rd quarter. WESPAC Advisors LLC now owns 10,465 shares of the company’s stock worth $1,087,000 after purchasing an additional 2,252 shares in the last quarter. Larson Financial Group LLC lifted its stake in iShares U.S. Financials ETF by 5.5% in the 3rd quarter. Larson Financial Group LLC now owns 2,768 shares of the company’s stock worth $288,000 after purchasing an additional 145 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new position in iShares U.S. Financials ETF in the 3rd quarter worth approximately $180,000.

iShares U.S. Financials ETF Price Performance

IYF opened at $112.23 on Friday. The company’s 50 day simple moving average is $115.21 and its two-hundred day simple moving average is $111.54. iShares U.S. Financials ETF has a 1-year low of $89.10 and a 1-year high of $119.90. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 15.00 and a beta of 1.08.

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.