5,588 iShares U.S. Financials ETF $IYF Shares Purchased by Magnus Financial Group LLC

Magnus Financial Group LLC boosted its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 217,557 shares of the company’s stock after acquiring an additional 5,588 shares during the period. iShares U.S. Financials ETF comprises approximately 1.8% of Magnus Financial Group LLC’s portfolio, making the stock its 11th largest position. Magnus Financial Group LLC owned approximately 0.74% of iShares U.S. Financials ETF worth $27,338,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company purchased a new position in shares of iShares U.S. Financials ETF during the second quarter worth about $129,579,000. Hsbc Holdings PLC purchased a new stake in shares of iShares U.S. Financials ETF in the 4th quarter valued at about $103,827,000. Royal Bank of Canada boosted its position in shares of iShares U.S. Financials ETF by 3.1% in the 1st quarter. Royal Bank of Canada now owns 297,765 shares of the company’s stock valued at $35,036,000 after purchasing an additional 8,823 shares during the period. Sanctuary Advisors LLC boosted its position in shares of iShares U.S. Financials ETF by 14.0% in the 1st quarter. Sanctuary Advisors LLC now owns 110,053 shares of the company’s stock valued at $12,949,000 after purchasing an additional 13,557 shares during the period. Finally, Prasad Wealth Partners LLC grew its stake in iShares U.S. Financials ETF by 4.3% during the 1st quarter. Prasad Wealth Partners LLC now owns 68,233 shares of the company’s stock worth $8,028,000 after buying an additional 2,818 shares during the last quarter.

iShares U.S. Financials ETF Stock Up 0.6%

IYF opened at $130.28 on Thursday. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 16.42 and a beta of 0.91. iShares U.S. Financials ETF has a 52 week low of $113.62 and a 52 week high of $139.09. The business’s 50 day moving average is $132.38 and its two-hundred day moving average is $129.35.

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