Bank of America Corp DE Purchases 32,121 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

Bank of America Corp DE increased its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,698,803 shares of the company’s stock after buying an additional 32,121 shares during the period. Bank of America Corp DE owned 6.12% of iShares U.S. Financials ETF worth $187,854,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IYF. Accredited Wealth Management LLC purchased a new stake in shares of iShares U.S. Financials ETF during the 4th quarter worth approximately $29,000. Private Trust Co. NA raised its stake in iShares U.S. Financials ETF by 50.5% during the fourth quarter. Private Trust Co. NA now owns 301 shares of the company’s stock valued at $33,000 after purchasing an additional 101 shares in the last quarter. Kestra Investment Management LLC bought a new position in iShares U.S. Financials ETF during the fourth quarter valued at $34,000. Newbridge Financial Services Group Inc. purchased a new position in shares of iShares U.S. Financials ETF in the 4th quarter worth $37,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of iShares U.S. Financials ETF in the 4th quarter worth about $37,000.

iShares U.S. Financials ETF Trading Up 1.0 %

Shares of NYSEARCA:IYF opened at $113.29 on Friday. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 14.56 and a beta of 0.99. iShares U.S. Financials ETF has a 12 month low of $92.00 and a 12 month high of $119.90. The company has a 50-day moving average price of $109.19 and a 200 day moving average price of $112.55.

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.