Kovack Advisors Inc. Acquires 897 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

Kovack Advisors Inc. lifted its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,828 shares of the company’s stock after buying an additional 897 shares during the period. Kovack Advisors Inc.’s holdings in iShares U.S. Financials ETF were worth $2,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Kellett Wealth Advisors LLC boosted its stake in shares of iShares U.S. Financials ETF by 4.4% in the 4th 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. Bank of New York Mellon Corp boosted its stake in shares of iShares U.S. Financials ETF by 33.4% in the 4th quarter. Bank of New York Mellon Corp now owns 12,492 shares of the company’s stock worth $1,381,000 after buying an additional 3,129 shares during the last quarter. IFP Advisors Inc lifted its position in iShares U.S. Financials ETF by 569.1% during the fourth quarter. IFP Advisors Inc now owns 736 shares of the company’s stock valued at $81,000 after purchasing an additional 626 shares in the last quarter. World Equity Group Inc. purchased a new position in iShares U.S. Financials ETF during the fourth quarter valued at $4,009,000. Finally, Delta Financial Group Inc. purchased a new position in iShares U.S. Financials ETF during the fourth quarter valued at $596,000.

iShares U.S. Financials ETF Stock Performance

NYSEARCA IYF opened at $115.59 on Thursday. The company has a market capitalization of $3.90 billion, a PE ratio of 15.26 and a beta of 1.08. The business’s fifty day moving average is $114.80 and its 200 day moving average is $110.34. iShares U.S. Financials ETF has a fifty-two week low of $89.10 and a fifty-two week high of $119.90.

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.