Picton Mahoney Asset Management Takes $100,000 Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Picton Mahoney Asset Management bought a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 900 shares of the company’s stock, valued at approximately $100,000.

A number of other large investors have also modified their holdings of IYF. May Barnhard Investments LLC acquired a new stake in iShares U.S. Financials ETF in the fourth quarter valued at approximately $688,000. Commonwealth Equity Services LLC raised its holdings in shares of iShares U.S. Financials ETF by 95.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 241,559 shares of the company’s stock valued at $26,712,000 after purchasing an additional 118,180 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of iShares U.S. Financials ETF by 27.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,847 shares of the company’s stock worth $647,000 after purchasing an additional 1,275 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of iShares U.S. Financials ETF during the fourth quarter worth $255,000. Finally, PFG Advisors purchased a new position in iShares U.S. Financials ETF in the fourth quarter valued at $204,000.

iShares U.S. Financials ETF Price Performance

Shares of NYSEARCA IYF opened at $110.38 on Monday. The business has a 50-day moving average of $115.07 and a two-hundred day moving average of $111.37. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 15.00 and a beta of 1.08. iShares U.S. Financials ETF has a 1 year low of $89.10 and a 1 year high of $119.90.

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.