Capital Investment Advisors LLC acquired a new position in shares of iShares US Financials ETF (NYSEARCA:IYF) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,889 shares of the company’s stock, valued at approximately $223,000.
A number of other institutional investors also recently made changes to their positions in IYF. Jane Street Group LLC purchased a new stake in iShares US Financials ETF in the fourth quarter valued at $3,688,000. CX Institutional purchased a new stake in iShares US Financials ETF in the fourth quarter valued at $433,000. Sowell Financial Services LLC purchased a new stake in iShares US Financials ETF in the fourth quarter valued at $559,000. Steward Partners Investment Advisory LLC raised its position in iShares US Financials ETF by 5.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,274 shares of the company’s stock valued at $667,000 after purchasing an additional 321 shares during the period. Finally, Nalls Sherbakoff Group LLC purchased a new stake in iShares US Financials ETF in the fourth quarter valued at $94,000.
NYSEARCA:IYF opened at $122.55 on Tuesday. iShares US Financials ETF has a 52 week low of $99.30 and a 52 week high of $126.43.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 21st were paid a $0.5742 dividend. The ex-dividend date was Wednesday, March 20th. This is a boost from iShares US Financials ETF’s previous quarterly dividend of $0.56. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.87%.
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iShares US 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.
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