Modera Wealth Management LLC purchased a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report) in the third quarter, HoldingsChannel reports. The institutional investor purchased 5,680 shares of the company’s stock, valued at approximately $714,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in shares of iShares U.S. Financials ETF by 780.7% during the 3rd quarter. International Assets Investment Management LLC now owns 21,164 shares of the company’s stock worth $2,659,000 after purchasing an additional 18,761 shares during the last quarter. Founders Financial Securities LLC acquired a new stake in iShares U.S. Financials ETF in the 3rd quarter valued at about $2,044,000. D.A. Davidson & CO. acquired a new stake in iShares U.S. Financials ETF in the 3rd quarter valued at about $438,000. Essential Investment Partners LLC bought a new position in iShares U.S. Financials ETF during the third quarter worth about $96,000. Finally, North Star Investment Management Corp. bought a new position in iShares U.S. Financials ETF during the third quarter worth about $41,000.
iShares U.S. Financials ETF Stock Up 1.6%
Shares of NYSEARCA IYF opened at $132.97 on Tuesday. The business’s 50 day moving average price is $131.45 and its two-hundred day moving average price is $127.67. The company has a market cap of $3.80 billion, a PE ratio of 16.42 and a beta of 0.91. iShares U.S. Financials ETF has a twelve month low of $113.62 and a twelve month high of $139.09.
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.
See Also
- Five stocks we like better than iShares U.S. Financials ETF
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Want to see what other hedge funds are holding IYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report).
Receive News & Ratings for iShares U.S. Financials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Financials ETF and related companies with MarketBeat.com's FREE daily email newsletter.
