Advisory Services Network LLC Boosts Stock Position in iShares US Financials ETF (NYSEARCA:IYF)

Advisory Services Network LLC grew its holdings in iShares US Financials ETF (NYSEARCA:IYF) by 12.3% in the third quarter, Holdings Channel reports. The institutional investor owned 2,743 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Advisory Services Network LLC’s holdings in iShares US Financials ETF were worth $226,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of iShares US Financials ETF by 15.9% during the second quarter. Bank of America Corp DE now owns 1,878,937 shares of the company’s stock worth $152,288,000 after purchasing an additional 257,469 shares in the last quarter. Morgan Stanley increased its position in shares of iShares US Financials ETF by 13.9% during the second quarter. Morgan Stanley now owns 1,634,564 shares of the company’s stock worth $132,482,000 after purchasing an additional 199,710 shares in the last quarter. Royal Bank of Canada increased its position in shares of iShares US Financials ETF by 189.7% during the second quarter. Royal Bank of Canada now owns 783,107 shares of the company’s stock worth $63,471,000 after purchasing an additional 512,782 shares in the last quarter. Fisher Asset Management LLC boosted its stake in iShares US Financials ETF by 6.5% during the third quarter. Fisher Asset Management LLC now owns 643,178 shares of the company’s stock worth $53,094,000 after buying an additional 39,517 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in iShares US Financials ETF by 34.0% during the second quarter. LPL Financial LLC now owns 354,473 shares of the company’s stock worth $28,730,000 after buying an additional 89,898 shares during the last quarter.

NYSEARCA IYF opened at $90.16 on Friday. The stock’s fifty day moving average is $87.52 and its two-hundred day moving average is $85.27. iShares US Financials ETF has a fifty-two week low of $64.95 and a fifty-two week high of $91.95.

iShares US 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.

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Want to see what other hedge funds are holding IYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares US Financials ETF (NYSEARCA:IYF).

Institutional Ownership by Quarter for iShares US Financials ETF (NYSEARCA:IYF)

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