Anchor Investment Management LLC Increases Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

Anchor Investment Management LLC increased its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 320.0% during the third quarter, Holdings Channel.com reports. The firm owned 693 shares of the company’s stock after acquiring an additional 528 shares during the quarter. Anchor Investment Management LLC’s holdings in iShares U.S. Financials ETF were worth $72,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IYF. The Manufacturers Life Insurance Company grew its stake in shares of iShares U.S. Financials ETF by 28.5% in the third quarter. The Manufacturers Life Insurance Company now owns 769,351 shares of the company’s stock worth $79,936,000 after purchasing an additional 170,769 shares during the last quarter. LPL Financial LLC lifted its position in iShares U.S. Financials ETF by 21.0% during the 2nd quarter. LPL Financial LLC now owns 475,892 shares of the company’s stock valued at $45,005,000 after acquiring an additional 82,599 shares during the period. Bank of Montreal Can increased its position in iShares U.S. Financials ETF by 705.1% during the 3rd quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock valued at $44,658,000 after buying an additional 377,999 shares in the last quarter. Wulff Hansen & CO. increased its holdings in shares of iShares U.S. Financials ETF by 9,357.0% during the second quarter. Wulff Hansen & CO. now owns 262,432 shares of the company’s stock valued at $24,818,000 after acquiring an additional 259,657 shares in the last quarter. Finally, Magnus Financial Group LLC raised its position in shares of iShares U.S. Financials ETF by 2.6% in the 3rd quarter. Magnus Financial Group LLC now owns 188,646 shares of the company’s stock worth $19,600,000 after purchasing an additional 4,826 shares during the last quarter.

iShares U.S. Financials ETF Stock Performance

NYSEARCA:IYF opened at $114.08 on Friday. The firm has a market cap of $3.17 billion, a P/E ratio of 16.14 and a beta of 0.84. The firm has a 50-day simple moving average of $112.19 and a two-hundred day simple moving average of $103.53. iShares U.S. Financials ETF has a fifty-two week low of $83.28 and a fifty-two week high of $119.90.

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.