Koshinski Asset Management Inc. Purchases 877 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

Koshinski Asset Management Inc. grew its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 24.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,488 shares of the company’s stock after purchasing an additional 877 shares during the period. Koshinski Asset Management Inc.’s holdings in iShares U.S. Financials ETF were worth $383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IYF. HF Advisory Group LLC lifted its stake in iShares U.S. Financials ETF by 3.3% in the third quarter. HF Advisory Group LLC now owns 4,654 shares of the company’s stock worth $355,000 after purchasing an additional 148 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of iShares U.S. Financials ETF by 1.8% in the 4th quarter. Captrust Financial Advisors now owns 8,940 shares of the company’s stock valued at $675,000 after acquiring an additional 155 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in 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 valued at $2,037,000 after acquiring an additional 164 shares during the period. Valmark Advisers Inc. increased its stake in iShares U.S. Financials ETF by 5.8% in the 3rd quarter. Valmark Advisers Inc. now owns 3,189 shares of the company’s stock worth $238,000 after purchasing an additional 175 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its position in iShares U.S. Financials ETF by 1.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 14,353 shares of the company’s stock valued at $1,073,000 after purchasing an additional 180 shares during the last quarter.

iShares U.S. Financials ETF Stock Performance

Shares of iShares U.S. Financials ETF stock opened at $90.00 on Tuesday. iShares U.S. Financials ETF has a 52-week low of $68.31 and a 52-week high of $95.88. The company’s 50 day moving average price is $91.65 and its 200-day moving average price is $84.26. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 15.87 and a beta of 0.90.

iShares U.S. Financials ETF 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.