WASHINGTON TRUST Co bought a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 50,978 shares of the company’s stock, valued at approximately $6,406,000. WASHINGTON TRUST Co owned approximately 0.17% of iShares U.S. Financials ETF at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compass Wealth Management LLC bought a new position in shares of iShares U.S. Financials ETF during the 3rd quarter valued at about $126,000. Root Financial Partners LLC acquired a new position in shares of iShares U.S. Financials ETF in the 3rd quarter valued at approximately $81,000. Wealth Management Partners LLC grew its position in shares of iShares U.S. Financials ETF by 26.4% in the 3rd quarter. Wealth Management Partners LLC now owns 11,641 shares of the company’s stock valued at $1,463,000 after purchasing an additional 2,434 shares during the period. Magnus Financial Group LLC increased its stake in iShares U.S. Financials ETF by 2.6% during the 3rd quarter. Magnus Financial Group LLC now owns 217,557 shares of the company’s stock worth $27,338,000 after purchasing an additional 5,588 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new stake in iShares U.S. Financials ETF during the 3rd quarter worth approximately $338,000.
iShares U.S. Financials ETF Stock Performance
IYF stock traded down $1.48 during mid-day trading on Friday, hitting $130.23. 848,727 shares of the company were exchanged, compared to its average volume of 375,845. The firm has a market cap of $3.82 billion, a P/E ratio of 16.42 and a beta of 0.91. The firm’s 50 day simple moving average is $132.08 and its 200 day simple moving average is $129.45. iShares U.S. Financials ETF has a 1-year low of $113.62 and a 1-year high of $139.09.
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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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