Sherman Porfolios LLC Increases Stock Position in iShares U.S. Financials ETF $IYF

Sherman Porfolios LLC grew its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 202,895 shares of the company’s stock after buying an additional 6,339 shares during the quarter. iShares U.S. Financials ETF accounts for approximately 9.2% of Sherman Porfolios LLC’s holdings, making the stock its 5th biggest holding. Sherman Porfolios LLC owned 0.61% of iShares U.S. Financials ETF worth $25,695,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Allworth Financial LP increased its stake in iShares U.S. Financials ETF by 80.7% in the third quarter. Allworth Financial LP now owns 1,979 shares of the company’s stock valued at $251,000 after acquiring an additional 884 shares during the period. CIBC Bancorp USA Inc. bought a new position in iShares U.S. Financials ETF during the third quarter worth about $295,000. Centaurus Financial Inc. boosted its holdings in iShares U.S. Financials ETF by 19.3% during the third quarter. Centaurus Financial Inc. now owns 3,870 shares of the company’s stock valued at $490,000 after purchasing an additional 625 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in iShares U.S. Financials ETF by 49.4% during the third quarter. Sunbelt Securities Inc. now owns 6,166 shares of the company’s stock valued at $781,000 after purchasing an additional 2,038 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of iShares U.S. Financials ETF by 29.3% in the 3rd quarter. Captrust Financial Advisors now owns 13,562 shares of the company’s stock valued at $1,718,000 after purchasing an additional 3,077 shares during the period.

iShares U.S. Financials ETF Trading Down 0.9%

Shares of IYF opened at $116.34 on Thursday. iShares U.S. Financials ETF has a 1 year low of $95.34 and a 1 year high of $133.54. The stock has a 50 day simple moving average of $124.99 and a 200-day simple moving average of $125.44. The stock has a market cap of $3.85 billion, a PE ratio of 16.42 and a beta of 1.02.

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.