Centerline Wealth Advisors LLC bought a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report) in the fourth quarter, Holdings Channel.com reports. The fund bought 41,516 shares of the company’s stock, valued at approximately $5,353,000. iShares U.S. Financials ETF makes up about 1.9% of Centerline Wealth Advisors LLC’s holdings, making the stock its 15th largest holding.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ransom Advisory Ltd bought a new stake in iShares U.S. Financials ETF during the fourth quarter valued at $26,000. Financial Life Planners acquired a new stake in iShares U.S. Financials ETF during the 3rd quarter worth about $27,000. BNP Paribas Financial Markets bought a new position in shares of iShares U.S. Financials ETF in the 3rd quarter worth about $34,000. Davis Capital Management bought a new position in shares of iShares U.S. Financials ETF in the 3rd quarter worth about $35,000. Finally, Newbridge Financial Services Group Inc. lifted its stake in shares of iShares U.S. Financials ETF by 39.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 465 shares of the company’s stock valued at $56,000 after purchasing an additional 131 shares during the period.
iShares U.S. Financials ETF Price Performance
Shares of iShares U.S. Financials ETF stock opened at $116.24 on Monday. iShares U.S. Financials ETF has a one year low of $95.34 and a one year high of $133.54. The stock’s 50-day moving average is $124.38 and its 200 day moving average is $125.32. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 16.42 and a beta of 1.02.
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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
See Also
Want to see what other hedge funds are holding IYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report).
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