iShares U.S. Financials ETF $IYF Shares Newly Purchased by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC bought a new stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the third quarter, HoldingsChannel reports. The institutional investor bought 6,657 shares of the company’s stock, valued at approximately $837,000.

Several other hedge funds also recently modified their holdings of IYF. The Manufacturers Life Insurance Company acquired a new stake in shares of iShares U.S. Financials ETF during the 2nd quarter worth approximately $129,579,000. Hsbc Holdings PLC acquired a new position in iShares U.S. Financials ETF in the fourth quarter valued at approximately $103,827,000. Avior Wealth Management LLC bought a new position in iShares U.S. Financials ETF in the third quarter valued at approximately $2,280,000. Sanctuary Advisors LLC boosted its stake in iShares U.S. Financials ETF by 14.0% in the first quarter. Sanctuary Advisors LLC now owns 110,053 shares of the company’s stock valued at $12,949,000 after acquiring an additional 13,557 shares during the last quarter. Finally, Gerald Baker Financial Group LLC bought a new position in iShares U.S. Financials ETF in the first quarter valued at approximately $1,073,000.

iShares U.S. Financials ETF Stock Performance

IYF traded up $1.35 during trading on Tuesday, reaching $129.19. 52,150 shares of the company’s stock were exchanged, compared to its average volume of 374,415. The company’s fifty day moving average price is $132.69 and its 200-day moving average price is $129.19. iShares U.S. Financials ETF has a fifty-two week low of $113.62 and a fifty-two week high of $139.09. The firm has a market capitalization of $3.79 billion, a PE ratio of 16.42 and a beta of 0.91.

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