Trek Financial LLC Invests $5.24 Million in iShares U.S. Financials ETF (NYSEARCA:IYF)

Trek Financial LLC bought a new stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the 4th quarter, Holdings Channel.com reports. The firm bought 47,371 shares of the company’s stock, valued at approximately $5,238,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Private Trust Co. NA raised its stake in shares of iShares U.S. Financials ETF by 50.5% during the fourth quarter. Private Trust Co. NA now owns 301 shares of the company’s stock valued at $33,000 after purchasing an additional 101 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of iShares U.S. Financials ETF during the fourth quarter worth about $34,000. Newbridge Financial Services Group Inc. acquired a new position in shares of iShares U.S. Financials ETF in the fourth quarter worth about $37,000. Stonebridge Financial Group LLC purchased a new position in iShares U.S. Financials ETF in the fourth quarter valued at about $37,000. Finally, Lee Danner & Bass Inc. purchased a new position in iShares U.S. Financials ETF in the fourth quarter valued at about $39,000.

iShares U.S. Financials ETF Stock Down 7.1 %

Shares of IYF opened at $99.84 on Friday. iShares U.S. Financials ETF has a 52-week low of $89.10 and a 52-week high of $119.90. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 15.34 and a beta of 0.99. The business’s 50 day moving average is $114.58 and its two-hundred day moving average is $112.26.

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.