Concourse Financial Group Securities Inc. Increases Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Concourse Financial Group Securities Inc. grew its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 26.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 879 shares of the company’s stock after buying an additional 184 shares during the period. Concourse Financial Group Securities Inc.’s holdings in iShares U.S. Financials ETF were worth $91,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new position in iShares U.S. Financials ETF in the second quarter worth $56,608,000. Wulff Hansen & CO. boosted its holdings in shares of 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 purchasing an additional 259,657 shares in the last quarter. Cetera Investment Advisers increased its position in shares of iShares U.S. Financials ETF by 1,043.8% during the 1st quarter. Cetera Investment Advisers now owns 124,382 shares of the company’s stock valued at $11,897,000 after purchasing an additional 113,508 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of 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. Finally, LPL Financial LLC lifted its position in iShares U.S. Financials ETF by 21.0% in the 2nd quarter. LPL Financial LLC now owns 475,892 shares of the company’s stock worth $45,005,000 after buying an additional 82,599 shares during the last quarter.

iShares U.S. Financials ETF Price Performance

Shares of NYSEARCA IYF opened at $109.73 on Friday. The stock has a market capitalization of $3.05 billion, a P/E ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a one year low of $70.45 and a one year high of $110.10. The firm’s 50 day simple moving average is $103.24 and its two-hundred day simple moving average is $97.90.

iShares U.S. Financials ETF Company 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.