Sagespring Wealth Partners LLC Boosts Stake in iShares U.S. Financials ETF $IYF

Sagespring Wealth Partners LLC grew its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 247.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 826,819 shares of the company’s stock after purchasing an additional 588,659 shares during the period. iShares U.S. Financials ETF makes up 0.9% of Sagespring Wealth Partners LLC’s investment portfolio, making the stock its 20th largest position. Sagespring Wealth Partners LLC’s holdings in iShares U.S. Financials ETF were worth $106,602,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Dynasty Wealth Management LLC purchased a new stake in shares of iShares U.S. Financials ETF in the 3rd quarter valued at approximately $34,595,000. CoreCap Advisors LLC boosted its position in shares of iShares U.S. Financials ETF by 979.6% during the 3rd quarter. CoreCap Advisors LLC now owns 35,518 shares of the company’s stock worth $4,498,000 after purchasing an additional 32,228 shares during the period. Allstate Corp boosted its position in shares of iShares U.S. Financials ETF by 662.7% during the 3rd quarter. Allstate Corp now owns 17,543 shares of the company’s stock worth $2,222,000 after purchasing an additional 15,243 shares during the period. Advisory Services Network LLC increased its holdings in iShares U.S. Financials ETF by 1,871.1% in the 2nd quarter. Advisory Services Network LLC now owns 91,004 shares of the company’s stock valued at $11,116,000 after purchasing an additional 86,387 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in iShares U.S. Financials ETF in the 2nd quarter valued at approximately $736,000.

iShares U.S. Financials ETF Stock Down 0.1%

Shares of NYSEARCA IYF opened at $116.24 on Friday. The business’s 50 day moving average is $124.38 and its two-hundred day moving average is $125.31. iShares U.S. Financials ETF has a 52-week low of $95.34 and a 52-week high of $133.54. The firm has a market cap of $3.84 billion, a price-to-earnings 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.