Independent Advisor Alliance Purchases Shares of 2,764 iShares U.S. Financials ETF (NYSEARCA:IYF)

Independent Advisor Alliance acquired a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,764 shares of the company’s stock, valued at approximately $306,000.

A number of other hedge funds have also modified their holdings of IYF. Atria Investments Inc boosted its position in iShares U.S. Financials ETF by 3.7% during the 3rd quarter. Atria Investments Inc now owns 7,288 shares of the company’s stock worth $757,000 after acquiring an additional 261 shares during the last quarter. Thrivent Financial for Lutherans grew its position in iShares U.S. Financials ETF by 2.6% in the third quarter. Thrivent Financial for Lutherans now owns 110,808 shares of the company’s stock valued at $11,513,000 after purchasing an additional 2,792 shares in the last quarter. Second Half Financial Partners LLC acquired a new stake in iShares U.S. Financials ETF in the 3rd quarter valued at $3,683,000. Avior Wealth Management LLC lifted its position in iShares U.S. Financials ETF by 11.0% during the 3rd quarter. Avior Wealth Management LLC now owns 12,115 shares of the company’s stock worth $1,259,000 after buying an additional 1,201 shares in the last quarter. Finally, Etfidea LLC boosted its stake in shares of iShares U.S. Financials ETF by 0.7% during the 3rd quarter. Etfidea LLC now owns 89,954 shares of the company’s stock worth $9,346,000 after buying an additional 620 shares during the last quarter.

iShares U.S. Financials ETF Price Performance

Shares of NYSEARCA IYF opened at $111.28 on Wednesday. iShares U.S. Financials ETF has a fifty-two week low of $89.10 and a fifty-two week high of $119.90. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 15.00 and a beta of 1.08. The business has a 50-day moving average of $115.08 and a 200-day moving average of $111.47.

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.