Bank of Montreal Can Increases Stock Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

Bank of Montreal Can raised its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 705.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 431,608 shares of the company’s stock after purchasing an additional 377,999 shares during the quarter. Bank of Montreal Can’s holdings in iShares U.S. Financials ETF were worth $44,658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. The Manufacturers Life Insurance Company purchased a new position in shares of iShares U.S. Financials ETF in the 2nd quarter valued at approximately $56,608,000. LPL Financial LLC boosted its position in shares of iShares U.S. Financials ETF by 21.0% during the 2nd quarter. LPL Financial LLC now owns 475,892 shares of the company’s stock worth $45,005,000 after purchasing an additional 82,599 shares in the last quarter. Wulff Hansen & CO. boosted its position in shares of iShares U.S. Financials ETF by 9,357.0% during the 2nd quarter. Wulff Hansen & CO. now owns 262,432 shares of the company’s stock worth $24,818,000 after purchasing an additional 259,657 shares in the last quarter. Magnus Financial Group LLC boosted its position in shares of iShares U.S. Financials ETF by 2.6% during the 3rd quarter. Magnus Financial Group LLC now owns 188,646 shares of the company’s stock worth $19,600,000 after purchasing an additional 4,826 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of iShares U.S. Financials ETF by 1.2% during the 2nd quarter. Cetera Investment Advisers now owns 125,852 shares of the company’s stock worth $11,902,000 after purchasing an additional 1,470 shares in the last quarter.

iShares U.S. Financials ETF Trading Up 0.2 %

IYF stock opened at $118.97 on Friday. The company’s 50-day moving average price is $109.43 and its 200 day moving average price is $101.89. iShares U.S. Financials ETF has a 52 week low of $79.04 and a 52 week high of $119.90. The company has a market cap of $3.30 billion, a P/E ratio of 16.14 and a beta of 0.84.

About iShares U.S. Financials ETF

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.