NewEdge Advisors LLC Buys 11,512 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

NewEdge Advisors LLC lifted its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 41.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,985 shares of the company’s stock after acquiring an additional 11,512 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $4,311,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Schroder Investment Management Group increased its stake in iShares U.S. Financials ETF by 326.7% in the 4th quarter. Schroder Investment Management Group now owns 1,118,327 shares of the company’s stock valued at $123,653,000 after buying an additional 856,252 shares during the last quarter. LPL Financial LLC lifted its holdings in iShares U.S. Financials ETF by 33.8% during the fourth quarter. LPL Financial LLC now owns 678,478 shares of the company’s stock worth $75,026,000 after acquiring an additional 171,559 shares during the period. Bank of Montreal Can boosted its position in iShares U.S. Financials ETF by 51.3% in the fourth quarter. Bank of Montreal Can now owns 652,991 shares of the company’s stock worth $72,208,000 after purchasing an additional 221,383 shares during the last quarter. Wells Fargo & Company MN grew its stake in iShares U.S. Financials ETF by 56.7% in the 4th quarter. Wells Fargo & Company MN now owns 495,995 shares of the company’s stock valued at $54,847,000 after purchasing an additional 179,535 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in shares of iShares U.S. Financials ETF by 95.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 241,559 shares of the company’s stock valued at $26,712,000 after purchasing an additional 118,180 shares during the last quarter.

iShares U.S. Financials ETF Stock Performance

Shares of NYSEARCA:IYF opened at $105.43 on Friday. iShares U.S. Financials ETF has a fifty-two week low of $91.15 and a fifty-two week high of $119.90. The company’s 50-day moving average is $111.25 and its 200 day moving average is $112.25. The company has a market capitalization of $3.47 billion, a P/E ratio of 15.34 and a beta of 0.99.

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.