Biondo Investment Advisors LLC Raises Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

Biondo Investment Advisors LLC boosted its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 12.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,555 shares of the company’s stock after acquiring an additional 630 shares during the quarter. Biondo Investment Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $614,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Private Trust Co. NA increased its holdings in shares of iShares U.S. Financials ETF by 50.5% during the 4th 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 purchased a new position in iShares U.S. Financials ETF in the fourth quarter valued at $34,000. Newbridge Financial Services Group Inc. acquired a new position in shares of iShares U.S. Financials ETF in the fourth quarter worth about $37,000. Stonebridge Financial Group LLC purchased a new stake in shares of iShares U.S. Financials ETF during the 4th quarter worth about $37,000. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of iShares U.S. Financials ETF during the 4th quarter valued at about $39,000.

iShares U.S. Financials ETF Trading Down 1.8 %

NYSEARCA IYF opened at $111.69 on Friday. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 15.00 and a beta of 1.08. The stock has a 50-day moving average of $115.30 and a 200 day moving average of $111.92. iShares U.S. Financials ETF has a twelve month low of $89.10 and a twelve month high of $119.90.

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.