Etfidea LLC Has $6.29 Million Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Etfidea LLC lifted its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 2.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 84,278 shares of the company’s stock after buying an additional 1,959 shares during the period. iShares U.S. Financials ETF makes up approximately 2.6% of Etfidea LLC’s portfolio, making the stock its 12th largest position. Etfidea LLC’s holdings in iShares U.S. Financials ETF were worth $6,288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Captrust Financial Advisors increased its stake in shares of iShares U.S. Financials ETF by 1.8% during the 4th quarter. Captrust Financial Advisors now owns 8,940 shares of the company’s stock worth $675,000 after purchasing an additional 155 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of iShares U.S. Financials ETF by 0.6% during the 4th quarter. Baird Financial Group Inc. now owns 26,994 shares of the company’s stock worth $2,037,000 after purchasing an additional 164 shares during the last quarter. Tyler Stone Wealth Management increased its stake in shares of iShares U.S. Financials ETF by 7.2% during the 4th quarter. Tyler Stone Wealth Management now owns 2,779 shares of the company’s stock worth $210,000 after purchasing an additional 187 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of iShares U.S. Financials ETF by 0.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 25,179 shares of the company’s stock worth $1,791,000 after purchasing an additional 209 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of iShares U.S. Financials ETF by 9.0% during the 1st quarter. BlackRock Inc. now owns 4,100 shares of the company’s stock worth $292,000 after purchasing an additional 339 shares during the last quarter.

iShares U.S. Financials ETF Price Performance

Shares of NYSEARCA IYF traded up $0.06 during trading hours on Monday, hitting $78.20. 156,757 shares of the stock were exchanged, compared to its average volume of 163,272. The company’s 50 day moving average is $77.44 and its 200 day moving average is $74.07. The firm has a market capitalization of $1.90 billion, a P/E ratio of 9.21 and a beta of 1.03. iShares U.S. Financials ETF has a one year low of $66.04 and a one year high of $82.30.

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.