Financial Management Professionals Inc. Acquires 1,232 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

Financial Management Professionals Inc. raised its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 3.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,745 shares of the company’s stock after acquiring an additional 1,232 shares during the quarter. Financial Management Professionals Inc.’s holdings in iShares U.S. Financials ETF were worth $3,842,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Arkadios Wealth Advisors grew its position in iShares U.S. Financials ETF by 6.9% in the 4th quarter. Arkadios Wealth Advisors now owns 6,218 shares of the company’s stock valued at $688,000 after acquiring an additional 400 shares during the last quarter. Whitener Capital Management Inc. grew its position in shares of iShares U.S. Financials ETF by 4.3% during the 4th quarter. Whitener Capital Management Inc. now owns 3,959 shares of the company’s stock worth $438,000 after buying an additional 164 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of iShares U.S. Financials ETF during the 4th quarter worth $523,000. Smith Anglin Financial LLC bought a new position in shares of iShares U.S. Financials ETF during the 4th quarter worth $310,000. Finally, Christopher J. Hasenberg Inc bought a new position in shares of iShares U.S. Financials ETF during the 4th quarter worth $130,000.

iShares U.S. Financials ETF Trading Up 0.9 %

IYF opened at $115.80 on Friday. iShares U.S. Financials ETF has a 12-month low of $83.28 and a 12-month high of $119.90. The business’s fifty day simple moving average is $113.87 and its 200-day simple moving average is $106.56. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84.

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.