Motco purchased a new position in shares of iShares US Financials ETF (NYSEARCA:IYF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 268 shares of the company’s stock, valued at approximately $37,000.
A number of other hedge funds also recently modified their holdings of the stock. Quantum Capital Management purchased a new position in iShares US Financials ETF during the 3rd quarter worth $26,000. Sugarloaf Wealth Management LLC purchased a new stake in iShares US Financials ETF in the 4th quarter valued at approximately $26,000. Coastal Capital Group Inc. purchased a new stake in iShares US Financials ETF in the 4th quarter valued at approximately $33,000. Quest Capital Management Inc. ADV purchased a new stake in iShares US Financials ETF in the 3rd quarter valued at approximately $36,000. Finally, Joseph P. Lucia & Associates LLC increased its position in iShares US Financials ETF by 235.3% during the 4th quarter. Joseph P. Lucia & Associates LLC now owns 285 shares of the company’s stock worth $39,000 after purchasing an additional 200 shares during the period.
Shares of IYF stock opened at $143.42 on Friday. The stock has a 50 day simple moving average of $139.11 and a 200-day simple moving average of $132.30. iShares US Financials ETF has a 12-month low of $115.47 and a 12-month high of $143.42.
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.
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