Independent Financial Group LLC Makes New $652,000 Investment in iShares U.S. Financials ETF $IYF

Independent Financial Group LLC bought a new stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,541 shares of the company’s stock, valued at approximately $652,000.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC purchased a new position in shares of iShares U.S. Financials ETF during the first quarter valued at $426,000. Integrated Wealth Concepts LLC lifted its stake in iShares U.S. Financials ETF by 45.7% in the first quarter. Integrated Wealth Concepts LLC now owns 4,282 shares of the company’s stock worth $483,000 after acquiring an additional 1,343 shares during the period. Jane Street Group LLC bought a new position in iShares U.S. Financials ETF during the 1st quarter worth about $247,000. Focus Partners Wealth grew its holdings in iShares U.S. Financials ETF by 8.6% during the 1st quarter. Focus Partners Wealth now owns 2,093 shares of the company’s stock worth $236,000 after acquiring an additional 165 shares in the last quarter. Finally, First Trust Advisors LP increased its position in iShares U.S. Financials ETF by 33.7% during the 2nd quarter. First Trust Advisors LP now owns 2,557 shares of the company’s stock valued at $309,000 after purchasing an additional 645 shares during the period.

iShares U.S. Financials ETF Stock Performance

NYSEARCA:IYF opened at $133.28 on Thursday. iShares U.S. Financials ETF has a one year low of $113.62 and a one year high of $135.26. The firm has a market cap of $4.36 billion, a P/E ratio of 16.42 and a beta of 0.90. The firm has a 50-day simple moving average of $127.71 and a 200-day simple moving average of $125.15.

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.