Prospera Financial Services Inc Decreases Stock Position in iShares U.S. Financials ETF $IYF

Prospera Financial Services Inc cut its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 37.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,987 shares of the company’s stock after selling 12,748 shares during the period. Prospera Financial Services Inc owned about 0.06% of iShares U.S. Financials ETF worth $2,706,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IYF. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares U.S. Financials ETF by 488.4% in the fourth 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 period. Bank of Montreal Can boosted its holdings in iShares U.S. Financials ETF by 1,275.8% in the third quarter. Bank of Montreal Can now owns 699,898 shares of the company’s stock valued at $88,635,000 after purchasing an additional 649,026 shares during the period. Sagespring Wealth Partners LLC boosted its holdings in iShares U.S. Financials ETF by 247.2% in the fourth quarter. Sagespring Wealth Partners LLC now owns 826,819 shares of the company’s stock valued at $106,602,000 after purchasing an additional 588,659 shares during the period. AlphaCore Capital LLC boosted its holdings in iShares U.S. Financials ETF by 947.3% in the fourth quarter. AlphaCore Capital LLC now owns 163,661 shares of the company’s stock valued at $21,101,000 after purchasing an additional 148,034 shares during the period. Finally, Camarda Financial Advisors LLC purchased a new position in iShares U.S. Financials ETF in the second quarter valued at $13,689,000.

iShares U.S. Financials ETF Trading Up 0.0%

NYSEARCA:IYF opened at $123.81 on Wednesday. The firm has a market cap of $3.39 billion, a PE ratio of 16.42 and a beta of 0.92. The stock has a fifty day moving average price of $121.33 and a 200 day moving average price of $124.49. iShares U.S. Financials ETF has a 12-month low of $113.62 and a 12-month high of $133.54.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.