Bank of New York Mellon Corp Has $1.38 Million Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Bank of New York Mellon Corp boosted its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 33.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,492 shares of the company’s stock after acquiring an additional 3,129 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares U.S. Financials ETF were worth $1,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new stake in shares of iShares U.S. Financials ETF in the 4th quarter valued at $34,000. Newbridge Financial Services Group Inc. bought a new position in shares of iShares U.S. Financials ETF in the fourth quarter valued at about $37,000. Stonebridge Financial Group LLC bought a new position in shares of iShares U.S. Financials ETF in the fourth quarter valued at about $37,000. Arlington Trust Co LLC bought a new stake in iShares U.S. Financials ETF during the 4th quarter worth about $41,000. Finally, Financial Life Planners bought a new stake in iShares U.S. Financials ETF during the 4th quarter worth about $42,000.

iShares U.S. Financials ETF Trading Down 0.3 %

Shares of NYSEARCA:IYF opened at $112.23 on Monday. The stock has a market capitalization of $3.64 billion, a P/E ratio of 15.00 and a beta of 1.08. The business has a 50-day moving average price of $115.21 and a two-hundred day moving average price of $111.65. iShares U.S. Financials ETF has a 1-year low of $89.10 and a 1-year high of $119.90.

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.