WASHINGTON TRUST Co Makes New $6.41 Million Investment in iShares U.S. Financials ETF $IYF

WASHINGTON TRUST Co bought a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 50,978 shares of the company’s stock, valued at approximately $6,406,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Life Planners acquired a new stake in shares of iShares U.S. Financials ETF in the 1st quarter valued at about $25,000. GAMMA Investing LLC acquired a new position in shares of iShares U.S. Financials ETF during the third quarter worth about $32,000. Bank of New Hampshire acquired a new position in shares of iShares U.S. Financials ETF during the third quarter worth about $33,000. North Star Investment Management Corp. boosted its position in shares of iShares U.S. Financials ETF by 54.7% during the first quarter. North Star Investment Management Corp. now owns 328 shares of the company’s stock worth $39,000 after buying an additional 116 shares during the period. Finally, Root Financial Partners LLC bought a new position in shares of iShares U.S. Financials ETF during the third quarter worth about $81,000.

iShares U.S. Financials ETF Stock Down 1.1%

Shares of NYSEARCA:IYF traded down $1.48 during mid-day trading on Friday, reaching $130.23. 848,727 shares of the stock were exchanged, compared to its average volume of 375,845. The stock’s 50 day simple moving average is $132.08 and its 200-day simple moving average is $129.45. iShares U.S. Financials ETF has a one year low of $113.62 and a one year high of $139.09. The company has a market cap of $3.82 billion, a P/E ratio of 16.42 and a beta of 0.91.

About iShares U.S. Financials ETF

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.