Magnus Financial Group LLC Has $22.07 Million Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Magnus Financial Group LLC boosted its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 1.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 195,534 shares of the company’s stock after purchasing an additional 2,315 shares during the period. iShares U.S. Financials ETF comprises 2.1% of Magnus Financial Group LLC’s investment portfolio, making the stock its 10th biggest position. Magnus Financial Group LLC owned approximately 0.59% of iShares U.S. Financials ETF worth $22,066,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Accredited Wealth Management LLC purchased a new position in iShares U.S. Financials ETF in the fourth quarter valued at about $29,000. Private Trust Co. NA boosted its stake in iShares U.S. Financials ETF by 50.5% in the fourth quarter. Private Trust Co. NA now owns 301 shares of the company’s stock valued at $33,000 after acquiring an additional 101 shares during the last quarter. Kestra Investment Management LLC purchased a new position in iShares U.S. Financials ETF in the fourth quarter valued at about $34,000. Stonebridge Financial Group LLC purchased a new position in iShares U.S. Financials ETF in the fourth quarter valued at about $37,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in iShares U.S. Financials ETF in the fourth quarter valued at about $37,000.

iShares U.S. Financials ETF Stock Down 0.3%

IYF opened at $115.33 on Friday. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 14.93 and a beta of 1.02. iShares U.S. Financials ETF has a twelve month low of $92.00 and a twelve month high of $119.90. The company’s 50-day moving average price is $110.83 and its two-hundred day moving average price is $113.25.

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.