Trek Financial LLC Purchases Shares of 47,371 iShares U.S. Financials ETF (NYSEARCA:IYF)

Trek Financial LLC bought a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 47,371 shares of the company’s stock, valued at approximately $5,238,000. Trek Financial LLC owned approximately 0.17% of iShares U.S. Financials ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of IYF. Schroder Investment Management Group raised its holdings in iShares U.S. Financials ETF by 326.7% in the 4th quarter. Schroder Investment Management Group now owns 1,118,327 shares of the company’s stock valued at $123,653,000 after acquiring an additional 856,252 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of iShares U.S. Financials ETF by 56.7% during the 4th quarter. Wells Fargo & Company MN now owns 495,995 shares of the company’s stock valued at $54,847,000 after acquiring an additional 179,535 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of iShares U.S. Financials ETF during the 4th quarter valued at about $19,475,000. LPL Financial LLC lifted its holdings in shares of iShares U.S. Financials ETF by 33.8% during the 4th quarter. LPL Financial LLC now owns 678,478 shares of the company’s stock worth $75,026,000 after acquiring an additional 171,559 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in iShares U.S. Financials ETF by 95.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 241,559 shares of the company’s stock valued at $26,712,000 after purchasing an additional 118,180 shares during the period.

iShares U.S. Financials ETF Stock Performance

Shares of IYF stock opened at $99.84 on Friday. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 15.34 and a beta of 0.99. The company has a 50 day moving average price of $114.58 and a 200 day moving average price of $112.26. iShares U.S. Financials ETF has a one year low of $89.10 and a one year 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.