Sagespring Wealth Partners LLC boosted its position in iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report) by 7.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 238,160 shares of the company’s stock after purchasing an additional 16,920 shares during the period. Sagespring Wealth Partners LLC’s holdings in iShares U.S. Financials ETF were worth $30,161,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares U.S. Financials ETF by 1.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 701,987 shares of the company’s stock valued at $84,933,000 after buying an additional 13,109 shares during the period. JPMorgan Chase & Co. raised its position in iShares U.S. Financials ETF by 287.9% in the second quarter. JPMorgan Chase & Co. now owns 343,215 shares of the company’s stock worth $41,526,000 after acquiring an additional 254,742 shares in the last quarter. Pinkerton Wealth LLC bought a new stake in iShares U.S. Financials ETF in the second quarter worth about $34,244,000. Dynasty Wealth Management LLC acquired a new stake in iShares U.S. Financials ETF in the 3rd quarter valued at about $34,595,000. Finally, Magnus Financial Group LLC boosted its position in shares of iShares U.S. Financials ETF by 1.2% during the 3rd quarter. Magnus Financial Group LLC now owns 199,812 shares of the company’s stock valued at $25,304,000 after purchasing an additional 2,298 shares in the last quarter.
iShares U.S. Financials ETF Price Performance
Shares of IYF opened at $126.73 on Friday. The firm’s 50 day moving average is $127.86 and its 200-day moving average is $125.20. iShares U.S. Financials ETF has a 12-month low of $95.34 and a 12-month high of $133.54. The stock has a market capitalization of $4.21 billion, a P/E ratio of 16.42 and a beta of 1.02.
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.
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