iShares U.S. Financials ETF $IYF Stake Increased by Royal Bank of Canada

Royal Bank of Canada increased its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 297,765 shares of the company’s stock after buying an additional 8,823 shares during the quarter. Royal Bank of Canada owned 1.09% of iShares U.S. Financials ETF worth $35,036,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of IYF. Gateway Wealth Partners LLC lifted its stake in iShares U.S. Financials ETF by 64.2% in the 1st quarter. Gateway Wealth Partners LLC now owns 2,711 shares of the company’s stock worth $319,000 after acquiring an additional 1,060 shares in the last quarter. Phillip James Consulting Co. purchased a new position in iShares U.S. Financials ETF during the 1st quarter valued at about $954,000. Pacific Sun Financial Corp increased its holdings in shares of iShares U.S. Financials ETF by 7.4% in the 1st quarter. Pacific Sun Financial Corp now owns 4,811 shares of the company’s stock valued at $566,000 after purchasing an additional 330 shares during the period. One Charles Private Wealth Services LLC lifted its position in shares of iShares U.S. Financials ETF by 10.6% in the first quarter. One Charles Private Wealth Services LLC now owns 10,128 shares of the company’s stock worth $1,192,000 after purchasing an additional 967 shares in the last quarter. Finally, Scarborough Advisors LLC purchased a new stake in shares of iShares U.S. Financials ETF in the first quarter worth approximately $103,000.

iShares U.S. Financials ETF Stock Performance

IYF stock opened at $135.92 on Tuesday. The stock has a market cap of $4.58 billion, a P/E ratio of 16.42 and a beta of 0.90. The firm has a 50 day simple moving average of $129.62 and a 200 day simple moving average of $125.35. iShares U.S. Financials ETF has a 52 week low of $113.62 and a 52 week high of $136.77.

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