Commonwealth Financial Services LLC Purchases New Shares in iShares U.S. Financials ETF $IYF

Commonwealth Financial Services LLC bought a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,462 shares of the company’s stock, valued at approximately $561,000.

A number of other hedge funds have also modified their holdings of IYF. Vision Capital Management Inc. bought a new stake in iShares U.S. Financials ETF in the 3rd quarter valued at approximately $248,000. Retirement Planning Group LLC acquired a new position in iShares U.S. Financials ETF during the 3rd quarter worth approximately $498,000. IFP Advisors Inc boosted its position in iShares U.S. Financials ETF by 19.7% during the 3rd quarter. IFP Advisors Inc now owns 989 shares of the company’s stock worth $124,000 after acquiring an additional 163 shares during the last quarter. Whitener Capital Management Inc. bought a new position in shares of iShares U.S. Financials ETF during the 3rd quarter worth approximately $796,000. Finally, First Merchants Corp bought a new position in shares of iShares U.S. Financials ETF during the 3rd quarter worth approximately $398,000.

iShares U.S. Financials ETF Trading Up 1.1%

Shares of NYSEARCA IYF traded up $1.44 during midday trading on Tuesday, reaching $129.28. The company’s stock had a trading volume of 50,649 shares, compared to its average volume of 374,415. iShares U.S. Financials ETF has a fifty-two week low of $113.62 and a fifty-two week high of $139.09. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 16.42 and a beta of 0.91. The stock has a 50 day simple moving average of $132.69 and a 200-day simple moving average of $129.19.

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