Financial Management Professionals Inc. Invests $3.48 Million in iShares U.S. Financials ETF (NYSEARCA:IYF)

Financial Management Professionals Inc. purchased a new stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 33,513 shares of the company’s stock, valued at approximately $3,482,000. Financial Management Professionals Inc. owned 0.12% of iShares U.S. Financials ETF as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of IYF. The Manufacturers Life Insurance Company bought a new position in iShares U.S. Financials ETF in the 2nd quarter valued at $56,608,000. LPL Financial LLC grew its holdings in shares of iShares U.S. Financials ETF by 21.0% in the second quarter. LPL Financial LLC now owns 475,892 shares of the company’s stock worth $45,005,000 after purchasing an additional 82,599 shares during the last quarter. Wulff Hansen & CO. increased its stake in iShares U.S. Financials ETF by 9,357.0% in the 2nd quarter. Wulff Hansen & CO. now owns 262,432 shares of the company’s stock worth $24,818,000 after buying an additional 259,657 shares during the period. Magnus Financial Group LLC lifted its holdings in iShares U.S. Financials ETF by 2.6% during the 3rd quarter. Magnus Financial Group LLC now owns 188,646 shares of the company’s stock valued at $19,600,000 after buying an additional 4,826 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in iShares U.S. Financials ETF by 133.1% during the 1st quarter. Osaic Holdings Inc. now owns 186,794 shares of the company’s stock valued at $17,879,000 after buying an additional 106,650 shares in the last quarter.

iShares U.S. Financials ETF Price Performance

Shares of IYF stock opened at $107.23 on Friday. The company has a market capitalization of $2.98 billion, a P/E ratio of 16.14 and a beta of 0.84. The company’s 50-day simple moving average is $104.19 and its two-hundred day simple moving average is $98.39. iShares U.S. Financials ETF has a one year low of $70.45 and a one year high of $110.10.

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.