Modern Wealth Management LLC Increases Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

Modern Wealth Management LLC lifted its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 10.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,081 shares of the company’s stock after acquiring an additional 299 shares during the period. Modern Wealth Management LLC’s holdings in iShares U.S. Financials ETF were worth $362,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Private Trust Co. NA lifted its stake in iShares U.S. Financials ETF by 50.5% in the fourth quarter. Private Trust Co. NA now owns 301 shares of the company’s stock worth $33,000 after purchasing an additional 101 shares during the last quarter. Kellett Wealth Advisors LLC raised its holdings in shares of iShares U.S. Financials ETF by 4.4% in the fourth quarter. Kellett Wealth Advisors LLC now owns 2,848 shares of the company’s stock worth $315,000 after buying an additional 120 shares during the period. Larson Financial Group LLC lifted its stake in shares of iShares U.S. Financials ETF by 5.5% during the 3rd quarter. Larson Financial Group LLC now owns 2,768 shares of the company’s stock worth $288,000 after acquiring an additional 145 shares during the last quarter. Principal Securities Inc. boosted its holdings in iShares U.S. Financials ETF by 12.5% during the 4th quarter. Principal Securities Inc. now owns 1,366 shares of the company’s stock valued at $151,000 after acquiring an additional 152 shares during the period. Finally, WESPAC Advisors LLC grew its position in iShares U.S. Financials ETF by 1.5% in the 4th quarter. WESPAC Advisors LLC now owns 10,621 shares of the company’s stock valued at $1,174,000 after acquiring an additional 156 shares during the last quarter.

iShares U.S. Financials ETF Stock Down 0.6 %

IYF stock opened at $113.77 on Friday. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 15.00 and a beta of 1.08. iShares U.S. Financials ETF has a twelve month low of $89.10 and a twelve month high of $119.90. The business’s fifty day simple moving average is $115.38 and its two-hundred day simple moving average is $111.86.

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.