Park Avenue Securities LLC Purchases New Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Park Avenue Securities LLC bought a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,235 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company acquired a new position in shares of iShares U.S. Financials ETF in the 3rd quarter worth approximately $89,003,000. UBS Group AG lifted its position in shares of iShares U.S. Financials ETF by 9.7% during the 4th quarter. UBS Group AG now owns 369,733 shares of the company’s stock valued at $31,579,000 after acquiring an additional 32,596 shares during the period. Magnus Financial Group LLC lifted its position in shares of iShares U.S. Financials ETF by 3.5% during the 4th quarter. Magnus Financial Group LLC now owns 178,759 shares of the company’s stock valued at $15,268,000 after acquiring an additional 5,987 shares during the period. Cetera Advisor Networks LLC lifted its position in shares of iShares U.S. Financials ETF by 0.6% during the 4th quarter. Cetera Advisor Networks LLC now owns 111,391 shares of the company’s stock valued at $9,514,000 after acquiring an additional 691 shares during the period. Finally, XML Financial LLC lifted its position in shares of iShares U.S. Financials ETF by 3.7% during the 4th quarter. XML Financial LLC now owns 102,479 shares of the company’s stock valued at $8,753,000 after acquiring an additional 3,627 shares during the period.

iShares U.S. Financials ETF Stock Up 0.8 %

iShares U.S. Financials ETF stock opened at $95.66 on Wednesday. iShares U.S. Financials ETF has a 12-month low of $70.45 and a 12-month high of $96.85. The firm’s fifty day moving average is $94.08 and its 200 day moving average is $90.89. The company has a market capitalization of $2.65 billion, a PE ratio of 16.14 and a beta of 0.84.

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.