Founders Financial Securities LLC Makes New Investment in iShares U.S. Financials ETF $IYF

Founders Financial Securities LLC purchased a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 16,263 shares of the company’s stock, valued at approximately $2,044,000.

A number of other hedge funds have also recently made changes to their positions in IYF. GAMMA Investing LLC acquired a new position in iShares U.S. Financials ETF in the 3rd quarter valued at about $32,000. Bank of New Hampshire purchased a new stake in shares of iShares U.S. Financials ETF in the 3rd quarter valued at approximately $33,000. North Star Investment Management Corp. acquired a new stake in shares of iShares U.S. Financials ETF in the 3rd quarter valued at $41,000. Root Financial Partners LLC acquired a new stake in shares of iShares U.S. Financials ETF in the 3rd quarter valued at $81,000. Finally, Essential Investment Partners LLC acquired a new stake in shares of iShares U.S. Financials ETF in the 3rd quarter valued at $96,000.

iShares U.S. Financials ETF Trading Down 1.0%

Shares of IYF stock opened at $130.94 on Friday. The firm has a fifty day moving average price of $131.51 and a 200 day moving average price of $127.66. The company has a market cap of $3.74 billion, a P/E ratio of 16.42 and a beta of 0.91. iShares U.S. Financials ETF has a 12 month low of $113.62 and a 12 month high of $139.09.

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.