Gallagher Capital Advisors LLC Takes $744,000 Position in iShares U.S. Financials ETF $IYF

Gallagher Capital Advisors LLC bought a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,323 shares of the company’s stock, valued at approximately $744,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in iShares U.S. Financials ETF by 49.3% in the 1st quarter. Bank of New York Mellon Corp now owns 19,492 shares of the company’s stock valued at $2,294,000 after buying an additional 6,439 shares during the period. Harmony Asset Management LLC lifted its holdings in shares of iShares U.S. Financials ETF by 3.4% during the 1st quarter. Harmony Asset Management LLC now owns 10,772 shares of the company’s stock worth $1,267,000 after acquiring an additional 351 shares during the period. Sanctuary Advisors LLC boosted its position in shares of iShares U.S. Financials ETF by 14.0% during the 1st quarter. Sanctuary Advisors LLC now owns 110,053 shares of the company’s stock valued at $12,949,000 after acquiring an additional 13,557 shares in the last quarter. Retirement Planning Group LLC boosted its position in shares of iShares U.S. Financials ETF by 17.0% during the 1st quarter. Retirement Planning Group LLC now owns 5,450 shares of the company’s stock valued at $641,000 after acquiring an additional 793 shares in the last quarter. Finally, HBW Advisory Services LLC increased its stake in iShares U.S. Financials ETF by 24.2% in the first quarter. HBW Advisory Services LLC now owns 12,798 shares of the company’s stock valued at $1,506,000 after acquiring an additional 2,491 shares during the period.

iShares U.S. Financials ETF Stock Up 0.6%

NYSEARCA:IYF opened at $134.50 on Thursday. iShares U.S. Financials ETF has a 12-month low of $113.62 and a 12-month high of $135.05. The firm has a market capitalization of $4.27 billion, a PE ratio of 16.42 and a beta of 0.90. The firm has a 50-day moving average price of $126.61 and a 200 day moving average price of $125.01.

iShares U.S. Financials ETF Company 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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.