iShares U.S. Financials ETF $IYF Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 488.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,913,622 shares of the company’s stock after purchasing an additional 3,248,510 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 11.84% of iShares U.S. Financials ETF worth $504,583,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Somerset Group LLC grew its holdings in iShares U.S. Financials ETF by 0.3% in the 3rd quarter. Somerset Group LLC now owns 24,836 shares of the company’s stock valued at $3,145,000 after buying an additional 82 shares in the last quarter. Lpwm LLC grew its holdings in iShares U.S. Financials ETF by 1.8% in the 4th quarter. Lpwm LLC now owns 4,871 shares of the company’s stock valued at $628,000 after buying an additional 86 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in iShares U.S. Financials ETF by 3.9% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 2,399 shares of the company’s stock valued at $300,000 after buying an additional 90 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in iShares U.S. Financials ETF by 0.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 16,692 shares of the company’s stock valued at $2,114,000 after buying an additional 93 shares in the last quarter. Finally, Vivaldi Capital Management LP grew its holdings in iShares U.S. Financials ETF by 3.6% in the 2nd quarter. Vivaldi Capital Management LP now owns 2,769 shares of the company’s stock valued at $335,000 after buying an additional 97 shares in the last quarter.

iShares U.S. Financials ETF Stock Down 0.6%

Shares of NYSEARCA:IYF opened at $121.76 on Friday. The business has a fifty day moving average of $120.71 and a two-hundred day moving average of $124.46. The stock has a market cap of $3.34 billion, a P/E ratio of 16.42 and a beta of 0.92. iShares U.S. Financials ETF has a 52-week low of $113.12 and a 52-week high of $133.54.

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.