Stifel Financial Corp Increases Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Stifel Financial Corp increased its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,072 shares of the company’s stock after purchasing an additional 3,552 shares during the quarter. Stifel Financial Corp owned approximately 0.35% of iShares U.S. Financials ETF worth $10,736,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IYF. Schroder Investment Management Group boosted its stake in shares of 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 worth $123,653,000 after buying an additional 856,252 shares during the last quarter. Bank of Montreal Can lifted its holdings in iShares U.S. Financials ETF by 51.3% during the fourth quarter. Bank of Montreal Can now owns 652,991 shares of the company’s stock worth $72,208,000 after acquiring an additional 221,383 shares during the period. Wells Fargo & Company MN boosted its position in iShares U.S. Financials ETF by 56.7% in the fourth quarter. Wells Fargo & Company MN now owns 495,995 shares of the company’s stock worth $54,847,000 after purchasing an additional 179,535 shares during the last quarter. Raymond James Financial Inc. bought a new position in iShares U.S. Financials ETF in the 4th quarter valued at $19,475,000. Finally, LPL Financial LLC grew its stake in iShares U.S. Financials ETF by 33.8% in the 4th quarter. LPL Financial LLC now owns 678,478 shares of the company’s stock valued at $75,026,000 after purchasing an additional 171,559 shares during the period.

iShares U.S. Financials ETF Price Performance

NYSEARCA IYF opened at $109.19 on Friday. The business’s fifty day moving average is $110.13 and its 200-day moving average is $112.36. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 14.56 and a beta of 0.99. iShares U.S. Financials ETF has a one year low of $91.15 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.