The Manufacturers Life Insurance Company Purchases 170,769 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

The Manufacturers Life Insurance Company lifted its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 28.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 769,351 shares of the company’s stock after acquiring an additional 170,769 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 2.77% of iShares U.S. Financials ETF worth $79,936,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can boosted its stake in iShares U.S. Financials ETF by 705.1% in the third quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock valued at $44,658,000 after acquiring an additional 377,999 shares during the last quarter. Crewe Advisors LLC bought a new position in shares of iShares U.S. Financials ETF in the 3rd quarter worth $180,000. Larson Financial Group LLC grew its stake in shares of iShares U.S. Financials ETF by 5.5% during the third quarter. Larson Financial Group LLC now owns 2,768 shares of the company’s stock worth $288,000 after purchasing an additional 145 shares during the period. WESPAC Advisors LLC increased its holdings in iShares U.S. Financials ETF by 27.4% in the third quarter. WESPAC Advisors LLC now owns 10,465 shares of the company’s stock valued at $1,087,000 after purchasing an additional 2,252 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new position in iShares U.S. Financials ETF in the third quarter valued at about $361,000.

iShares U.S. Financials ETF Trading Up 0.2 %

Shares of IYF opened at $118.97 on Thursday. The stock has a market cap of $3.30 billion, a P/E ratio of 16.14 and a beta of 0.84. The stock’s 50-day moving average price is $109.14 and its two-hundred day moving average price is $101.77. iShares U.S. Financials ETF has a 1 year low of $79.04 and a 1 year 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.