iShares U.S. Financials ETF $IYF Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 19.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,802 shares of the company’s stock after buying an additional 38,265 shares during the period. Principal Financial Group Inc. owned approximately 0.70% of iShares U.S. Financials ETF worth $29,482,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IYF. Dynasty Wealth Management LLC purchased a new stake in shares of iShares U.S. Financials ETF during the 3rd quarter worth about $34,595,000. CoreCap Advisors LLC grew its holdings in iShares U.S. Financials ETF by 979.6% during the 3rd quarter. CoreCap Advisors LLC now owns 35,518 shares of the company’s stock valued at $4,498,000 after purchasing an additional 32,228 shares in the last quarter. Allstate Corp lifted its holdings in 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 buying an additional 15,243 shares in the last quarter. Advisory Services Network LLC boosted its position in 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 valued at $11,116,000 after buying an additional 86,387 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of iShares U.S. Financials ETF during the second quarter valued at about $736,000.

iShares U.S. Financials ETF Stock Up 2.1%

IYF stock opened at $129.64 on Friday. The stock’s 50 day moving average is $128.84 and its two-hundred day moving average is $125.60. iShares U.S. Financials ETF has a 52-week low of $95.34 and a 52-week high of $133.54. The company has a market capitalization of $4.28 billion, a PE ratio of 16.42 and a beta of 1.02.

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.