iShares U.S. Financials ETF (NYSEARCA:IYF) Position Lifted by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 1,161.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,235 shares of the company’s stock after acquiring an additional 114,383 shares during the quarter. Apollon Wealth Management LLC owned approximately 0.45% of iShares U.S. Financials ETF worth $12,908,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GPS Wealth Strategies Group LLC lifted its position in shares of iShares U.S. Financials ETF by 436.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 268 shares of the company’s stock worth $25,000 after buying an additional 218 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of iShares U.S. Financials ETF in the 2nd quarter worth about $25,000. Capital Performance Advisors LLP bought a new position in shares of iShares U.S. Financials ETF in the 3rd quarter worth about $41,000. Bogart Wealth LLC lifted its position in shares of iShares U.S. Financials ETF by 34.2% in the 3rd quarter. Bogart Wealth LLC now owns 416 shares of the company’s stock worth $43,000 after buying an additional 106 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of iShares U.S. Financials ETF in the 2nd quarter worth about $57,000.

iShares U.S. Financials ETF Stock Performance

iShares U.S. Financials ETF stock opened at $115.51 on Tuesday. The firm’s 50-day moving average is $105.54 and its 200-day moving average is $99.70. iShares U.S. Financials ETF has a 1 year low of $75.70 and a 1 year high of $116.02. The company has a market cap of $3.21 billion, a P/E ratio of 16.14 and a beta of 0.84.

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.