Money Concepts Capital Corp Acquires 399 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

Money Concepts Capital Corp boosted its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 17.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,696 shares of the company’s stock after acquiring an additional 399 shares during the quarter. Money Concepts Capital Corp’s holdings in iShares U.S. Financials ETF were worth $304,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Accredited Wealth Management LLC bought a new position in iShares U.S. Financials ETF in the 4th quarter valued at approximately $29,000. Private Trust Co. NA lifted its position in iShares U.S. Financials ETF by 50.5% in the 4th quarter. Private Trust Co. NA now owns 301 shares of the company’s stock valued at $33,000 after acquiring an additional 101 shares in the last quarter. Sound Income Strategies LLC bought a new position in iShares U.S. Financials ETF in the 1st quarter valued at approximately $34,000. Trust Co. of Vermont bought a new position in iShares U.S. Financials ETF in the 1st quarter valued at approximately $35,000. Finally, Lee Danner & Bass Inc. bought a new position in iShares U.S. Financials ETF in the 4th quarter valued at approximately $39,000.

iShares U.S. Financials ETF Trading Up 0.2%

Shares of IYF opened at $119.99 on Friday. The firm has a market cap of $3.63 billion, a PE ratio of 16.42 and a beta of 1.03. The firm has a fifty day simple moving average of $114.47 and a two-hundred day simple moving average of $113.18. iShares U.S. Financials ETF has a 1-year low of $92.83 and a 1-year high of $120.63.

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.