MinichMacGregor Wealth Management LLC Buys New Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

MinichMacGregor Wealth Management LLC purchased a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the third quarter, HoldingsChannel reports. The firm purchased 93,757 shares of the company’s stock, valued at approximately $9,741,000. iShares U.S. Financials ETF makes up about 2.1% of MinichMacGregor Wealth Management LLC’s portfolio, making the stock its 15th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in shares of iShares U.S. Financials ETF by 3.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 35,557 shares of the company’s stock worth $3,401,000 after acquiring an additional 1,192 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of iShares U.S. Financials ETF by 1.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 54,788 shares of the company’s stock worth $5,240,000 after buying an additional 718 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of iShares U.S. Financials ETF by 22.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,595 shares of the company’s stock worth $439,000 after buying an additional 835 shares during the period. Koshinski Asset Management Inc. grew its stake in iShares U.S. Financials ETF by 229.2% in the 1st quarter. Koshinski Asset Management Inc. now owns 14,776 shares of the company’s stock valued at $1,413,000 after buying an additional 10,288 shares during the last quarter. Finally, Pinkerton Retirement Specialists LLC raised its holdings in iShares U.S. Financials ETF by 26.9% in the 1st quarter. Pinkerton Retirement Specialists LLC now owns 73,014 shares of the company’s stock valued at $6,984,000 after acquiring an additional 15,488 shares during the period.

iShares U.S. Financials ETF Stock Up 0.8 %

Shares of iShares U.S. Financials ETF stock traded up $0.83 on Tuesday, hitting $106.69. The stock had a trading volume of 8,398 shares, compared to its average volume of 198,658. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a twelve month low of $75.12 and a twelve month high of $110.10. The business’s 50 day moving average is $104.90 and its two-hundred day moving average is $99.15.

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.