Phillip James Consulting Co. Makes New Investment in iShares U.S. Financials ETF $IYF

Phillip James Consulting Co. bought a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the first quarter, Holdings Channel.com reports. The fund bought 7,681 shares of the company’s stock, valued at approximately $954,000. iShares U.S. Financials ETF accounts for approximately 0.7% of Phillip James Consulting Co.’s portfolio, making the stock its 29th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares U.S. Financials ETF by 488.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock valued at $504,583,000 after purchasing an additional 3,248,510 shares during the last quarter. Dynasty Wealth Management LLC grew its stake in iShares U.S. Financials ETF by 545.2% during the 4th quarter. Dynasty Wealth Management LLC now owns 1,762,552 shares of the company’s stock worth $227,246,000 after buying an additional 1,489,376 shares during the last quarter. Hsbc Holdings PLC purchased a new position in iShares U.S. Financials ETF during the 4th quarter worth approximately $103,827,000. JPMorgan Chase & Co. increased its position in iShares U.S. Financials ETF by 184.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,053,341 shares of the company’s stock worth $135,807,000 after buying an additional 682,543 shares during the period. Finally, OpenArc Corporate Advisory LLC acquired a new position in iShares U.S. Financials ETF during the fourth quarter worth approximately $46,860,000.

iShares U.S. Financials ETF Trading Up 0.2%

Shares of NYSEARCA IYF opened at $133.25 on Wednesday. iShares U.S. Financials ETF has a twelve month low of $113.62 and a twelve month high of $135.26. The stock has a 50 day moving average of $127.48 and a two-hundred day moving average of $125.12. The stock has a market cap of $4.36 billion, a P/E ratio of 16.42 and a beta of 0.90.

iShares U.S. Financials ETF 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.