JPMorgan Chase & Co. Buys 27,583 Shares of iShares U.S. Financials ETF $IYF

JPMorgan Chase & Co. boosted its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 8.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 370,798 shares of the company’s stock after purchasing an additional 27,583 shares during the quarter. JPMorgan Chase & Co. owned about 1.12% of iShares U.S. Financials ETF worth $46,958,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IYF. Dynasty Wealth Management LLC bought a new position in iShares U.S. Financials ETF in the third quarter worth approximately $34,595,000. CoreCap Advisors LLC raised its position in shares of iShares U.S. Financials ETF by 979.6% during the third quarter. CoreCap Advisors LLC now owns 35,518 shares of the company’s stock worth $4,498,000 after purchasing an additional 32,228 shares during the period. Allstate Corp lifted its holdings in shares of iShares U.S. Financials ETF by 662.7% in the 3rd quarter. Allstate Corp now owns 17,543 shares of the company’s stock worth $2,222,000 after purchasing an additional 15,243 shares in the last quarter. Advisory Services Network LLC lifted its holdings in shares of iShares U.S. Financials ETF by 1,871.1% in the 2nd quarter. Advisory Services Network LLC now owns 91,004 shares of the company’s stock worth $11,116,000 after purchasing an additional 86,387 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in iShares U.S. Financials ETF in the 2nd quarter valued at $736,000.

iShares U.S. Financials ETF Trading Up 1.2%

Shares of IYF stock opened at $125.66 on Friday. The firm has a market capitalization of $4.15 billion, a PE ratio of 16.42 and a beta of 1.02. The firm has a fifty day simple moving average of $128.10 and a two-hundred day simple moving average of $125.86. iShares U.S. Financials ETF has a 12 month low of $95.34 and a 12 month high of $133.54.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.