Magnus Financial Group LLC Grows Stock Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

Magnus Financial Group LLC lifted its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 178,759 shares of the company’s stock after purchasing an additional 5,987 shares during the quarter. iShares U.S. Financials ETF comprises about 2.0% of Magnus Financial Group LLC’s holdings, making the stock its 12th largest holding. Magnus Financial Group LLC owned 0.74% of iShares U.S. Financials ETF worth $15,268,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Apeiron RIA LLC boosted its holdings in iShares U.S. Financials ETF by 11.4% in the 4th quarter. Apeiron RIA LLC now owns 3,367 shares of the company’s stock valued at $288,000 after purchasing an additional 344 shares during the last quarter. Brookstone Capital Management purchased a new position in iShares U.S. Financials ETF in the fourth quarter worth approximately $552,000. Delta Financial Group Inc. increased its stake in iShares U.S. Financials ETF by 4.4% during the fourth quarter. Delta Financial Group Inc. now owns 4,746 shares of the company’s stock worth $405,000 after acquiring an additional 198 shares during the last quarter. NBC Securities Inc. acquired a new stake in iShares U.S. Financials ETF during the third quarter worth $221,000. Finally, Kesler Norman & Wride LLC acquired a new position in shares of iShares U.S. Financials ETF in the 4th quarter valued at $261,000.

iShares U.S. Financials ETF Stock Performance

Shares of NYSEARCA IYF traded down $0.32 during mid-day trading on Friday, reaching $92.17. 43,090 shares of the company’s stock were exchanged, compared to its average volume of 161,344. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 15.87 and a beta of 0.90. iShares U.S. Financials ETF has a 52-week low of $68.31 and a 52-week high of $95.88. The company’s 50-day moving average is $92.29 and its 200-day moving average is $85.30.

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.