AE Wealth Management LLC Has $6.49 Million Position in iShares U.S. Financials ETF $IYF

AE Wealth Management LLC boosted its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 22.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 51,273 shares of the company’s stock after acquiring an additional 9,402 shares during the period. AE Wealth Management LLC owned 0.15% of iShares U.S. Financials ETF worth $6,493,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Davis Capital Management bought a new position in shares of iShares U.S. Financials ETF in the 3rd quarter worth $35,000. Newbridge Financial Services Group Inc. increased its holdings in iShares U.S. Financials ETF by 39.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 465 shares of the company’s stock valued at $56,000 after purchasing an additional 131 shares during the last quarter. Assetmark Inc. acquired a new position in iShares U.S. Financials ETF in the second quarter valued at about $63,000. Root Financial Partners LLC bought a new position in iShares U.S. Financials ETF during the third quarter worth about $63,000. Finally, Private Trust Co. NA grew its position in shares of iShares U.S. Financials ETF by 106.7% during the 2nd quarter. Private Trust Co. NA now owns 705 shares of the company’s stock worth $85,000 after buying an additional 364 shares during the period.

iShares U.S. Financials ETF Price Performance

Shares of IYF stock opened at $127.70 on Friday. The stock has a market cap of $4.22 billion, a PE ratio of 16.42 and a beta of 1.02. The stock has a 50-day moving average of $128.45 and a 200-day moving average of $125.37. iShares U.S. Financials ETF has a one year low of $95.34 and a one year high of $133.54.

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.