Merit Financial Group LLC Invests $523,000 in iShares U.S. Financials ETF (NYSEARCA:IYF)

Merit Financial Group LLC acquired a new stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 4,729 shares of the company’s stock, valued at approximately $523,000.

Several other hedge funds also recently modified their holdings of IYF. The Manufacturers Life Insurance Company bought a new position in iShares U.S. Financials ETF during the second quarter worth $56,608,000. Bank of Montreal Can grew its holdings in iShares U.S. Financials ETF by 705.1% during the 3rd quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock worth $44,658,000 after acquiring an additional 377,999 shares during the period. Apollon Wealth Management LLC raised its position in shares of iShares U.S. Financials ETF by 1,161.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 124,235 shares of the company’s stock worth $12,908,000 after acquiring an additional 114,383 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of iShares U.S. Financials ETF by 10,290.9% in the 3rd quarter. International Assets Investment Management LLC now owns 100,584 shares of the company’s stock worth $10,451,000 after acquiring an additional 99,616 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC acquired a new position in shares of iShares U.S. Financials ETF in the 3rd quarter valued at about $9,741,000.

iShares U.S. Financials ETF Price Performance

NYSEARCA IYF opened at $116.76 on Friday. The stock has a market capitalization of $3.24 billion, a P/E ratio of 16.14 and a beta of 0.84. The business has a 50 day simple moving average of $113.94 and a 200 day simple moving average of $107.00. iShares U.S. Financials ETF has a one year low of $85.37 and a one year high of $119.90.

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.