1,016,228 Shares in iShares U.S. Financials ETF $IYF Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new position in iShares U.S. Financials ETF (NYSEARCA:IYF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,016,228 shares of the company’s stock, valued at approximately $129,579,000. The Manufacturers Life Insurance Company owned about 3.02% of iShares U.S. Financials ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Cottonwood Capital Advisors LLC acquired a new stake in shares of iShares U.S. Financials ETF during the first quarter worth $684,000. Gerald Baker Financial Group LLC acquired a new position in shares of iShares U.S. Financials ETF in the 1st quarter valued at $1,073,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares U.S. Financials ETF by 488.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock valued at $504,583,000 after purchasing an additional 3,248,510 shares during the period. Dynasty Wealth Management LLC boosted its position in shares of iShares U.S. Financials ETF by 545.2% in the 4th quarter. Dynasty Wealth Management LLC now owns 1,762,552 shares of the company’s stock valued at $227,246,000 after purchasing an additional 1,489,376 shares during the period. Finally, Lido Advisors LLC increased its stake in iShares U.S. Financials ETF by 65.2% in the 4th quarter. Lido Advisors LLC now owns 10,498 shares of the company’s stock worth $1,339,000 after purchasing an additional 4,142 shares in the last quarter.

iShares U.S. Financials ETF Trading Up 0.5%

NYSEARCA IYF opened at $135.56 on Friday. The stock’s 50-day moving average price is $135.64 and its two-hundred day moving average price is $127.34. The company has a market cap of $4.57 billion, a PE ratio of 16.42 and a beta of 0.89. iShares U.S. Financials ETF has a 1 year low of $113.62 and a 1 year high of $139.09.

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.