Jones Financial Companies Lllp Acquires 14,929 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

Jones Financial Companies Lllp raised its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 70.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 36,005 shares of the company’s stock after acquiring an additional 14,929 shares during the period. Jones Financial Companies Lllp’s holdings in iShares U.S. Financials ETF were worth $3,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can raised its position in iShares U.S. Financials ETF by 705.1% in the third quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock worth $44,658,000 after purchasing an additional 377,999 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of iShares U.S. Financials ETF by 28.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 769,351 shares of the company’s stock valued at $79,936,000 after purchasing an additional 170,769 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in shares of iShares U.S. Financials ETF by 1,161.0% during the third quarter. Apollon Wealth Management LLC now owns 124,235 shares of the company’s stock worth $12,908,000 after buying an additional 114,383 shares in the last quarter. MinichMacGregor Wealth Management LLC bought a new stake in iShares U.S. Financials ETF during the 3rd quarter worth approximately $9,741,000. Finally, Finley Financial LLC acquired a new stake in iShares U.S. Financials ETF during the 4th quarter valued at $8,456,000.

iShares U.S. Financials ETF Stock Down 3.4 %

Shares of NYSEARCA IYF opened at $113.14 on Wednesday. iShares U.S. Financials ETF has a 12-month low of $89.10 and a 12-month high of $119.90. The firm’s 50-day simple moving average is $115.25 and its 200 day simple moving average is $110.92. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 15.26 and a beta of 1.08.

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.