MML Investors Services LLC Grows Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

MML Investors Services LLC lifted its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 6.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 15,901 shares of the company’s stock after purchasing an additional 912 shares during the period. MML Investors Services LLC’s holdings in iShares U.S. Financials ETF were worth $1,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC purchased a new position in shares of iShares U.S. Financials ETF in the 2nd quarter worth $25,000. Capital Performance Advisors LLP purchased a new position in iShares U.S. Financials ETF during the third quarter valued at $41,000. Bogart Wealth LLC lifted its position in iShares U.S. Financials ETF by 34.2% during the third quarter. Bogart Wealth LLC now owns 416 shares of the company’s stock valued at $43,000 after purchasing an additional 106 shares in the last quarter. Concourse Financial Group Securities Inc. lifted its position in iShares U.S. Financials ETF by 26.5% during the third quarter. Concourse Financial Group Securities Inc. now owns 879 shares of the company’s stock valued at $91,000 after purchasing an additional 184 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in iShares U.S. Financials ETF during the second quarter valued at $92,000.

iShares U.S. Financials ETF Stock Performance

NYSEARCA IYF opened at $112.49 on Wednesday. The company has a market capitalization of $3.12 billion, a PE ratio of 16.14 and a beta of 0.84. The business’s fifty day moving average is $112.58 and its 200 day moving average is $103.86. iShares U.S. Financials ETF has a fifty-two week low of $83.28 and a fifty-two week high of $119.90.

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.