PFG Advisors Buys New Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

PFG Advisors bought a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) during the fourth quarter, HoldingsChannel.com reports. The fund bought 1,842 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IYF. Private Trust Co. NA grew its stake in 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 worth $33,000 after buying an additional 101 shares during the last quarter. Kellett Wealth Advisors LLC grew its stake in iShares U.S. Financials ETF by 4.4% during the fourth quarter. Kellett Wealth Advisors LLC now owns 2,848 shares of the company’s stock worth $315,000 after buying an additional 120 shares during the last quarter. Larson Financial Group LLC grew its stake in iShares U.S. Financials ETF by 5.5% during the third quarter. Larson Financial Group LLC now owns 2,768 shares of the company’s stock worth $288,000 after buying an additional 145 shares during the last quarter. Principal Securities Inc. grew its stake in iShares U.S. Financials ETF by 12.5% during the fourth quarter. Principal Securities Inc. now owns 1,366 shares of the company’s stock worth $151,000 after buying an additional 152 shares during the last quarter. Finally, WESPAC Advisors LLC grew its stake in iShares U.S. Financials ETF by 1.5% during the fourth quarter. WESPAC Advisors LLC now owns 10,621 shares of the company’s stock worth $1,174,000 after buying an additional 156 shares during the last quarter.

iShares U.S. Financials ETF Price Performance

IYF opened at $110.38 on Monday. iShares U.S. Financials ETF has a one year low of $89.10 and a one year high of $119.90. The company’s 50 day simple moving average is $115.07 and its 200-day simple moving average is $111.37. The stock has a market capitalization of $3.58 billion, a P/E ratio of 15.00 and a beta of 1.08.

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.