SPC Financial Inc. Invests $18.47 Million in iShares U.S. Financials ETF $IYF

SPC Financial Inc. purchased a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 152,659 shares of the company’s stock, valued at approximately $18,470,000. iShares U.S. Financials ETF makes up about 1.5% of SPC Financial Inc.’s investment portfolio, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new position in shares of iShares U.S. Financials ETF during the first quarter worth $34,000. Park Square Financial Group LLC bought a new position in shares of iShares U.S. Financials ETF during the first quarter worth $34,000. Trust Co. of Vermont bought a new position in shares of iShares U.S. Financials ETF during the first quarter worth $35,000. Golden State Wealth Management LLC boosted its position in shares of iShares U.S. Financials ETF by 69.0% during the first quarter. Golden State Wealth Management LLC now owns 311 shares of the company’s stock worth $35,000 after purchasing an additional 127 shares in the last quarter. Finally, Rise Advisors LLC boosted its position in shares of iShares U.S. Financials ETF by 60.4% during the second quarter. Rise Advisors LLC now owns 364 shares of the company’s stock worth $44,000 after purchasing an additional 137 shares in the last quarter.

iShares U.S. Financials ETF Stock Down 2.3%

Shares of NYSEARCA IYF opened at $121.83 on Friday. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 16.42 and a beta of 1.03. iShares U.S. Financials ETF has a twelve month low of $95.34 and a twelve month high of $128.07. The company’s fifty day moving average is $124.60 and its 200-day moving average is $118.26.

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.