Magnus Financial Group LLC Has $15.27 Million Stock Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

Magnus Financial Group LLC grew its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 178,759 shares of the company’s stock after buying an additional 5,987 shares during the period. iShares U.S. Financials ETF makes up about 2.0% of Magnus Financial Group LLC’s holdings, making the stock its 12th biggest holding. Magnus Financial Group LLC’s holdings in iShares U.S. Financials ETF were worth $15,268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Apeiron RIA LLC increased its stake in iShares U.S. Financials ETF by 11.4% in the fourth quarter. Apeiron RIA LLC now owns 3,367 shares of the company’s stock valued at $288,000 after purchasing an additional 344 shares in the last quarter. Brookstone Capital Management acquired a new position in shares of iShares U.S. Financials ETF in the 4th quarter valued at $552,000. Delta Financial Group Inc. increased its position in shares of iShares U.S. Financials ETF by 4.4% in the 4th quarter. Delta Financial Group Inc. now owns 4,746 shares of the company’s stock valued at $405,000 after buying an additional 198 shares in the last quarter. NBC Securities Inc. acquired a new stake in iShares U.S. Financials ETF during the 3rd quarter worth $221,000. Finally, Kesler Norman & Wride LLC bought a new position in iShares U.S. Financials ETF during the fourth quarter worth about $261,000.

iShares U.S. Financials ETF Stock Performance

NYSEARCA IYF traded down $0.32 during trading hours on Friday, reaching $92.17. 43,090 shares of the company’s stock were exchanged, compared to its average volume of 161,344. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 15.87 and a beta of 0.90. The company’s 50-day moving average is $92.29 and its two-hundred day moving average is $85.30. iShares U.S. Financials ETF has a one year low of $68.31 and a one year high of $95.88.

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.