Forte Asset Management LLC Has $610,000 Stock Position in iShares U.S. Financials ETF $IYF

Forte Asset Management LLC reduced its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 82.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,185 shares of the company’s stock after selling 23,758 shares during the quarter. Forte Asset Management LLC’s holdings in iShares U.S. Financials ETF were worth $610,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Financial Life Planners acquired a new stake in shares of iShares U.S. Financials ETF during the 1st quarter worth approximately $25,000. Ransom Advisory Ltd acquired a new position in shares of iShares U.S. Financials ETF during the 4th quarter valued at $26,000. Flagship Harbor Advisors LLC bought a new position in iShares U.S. Financials ETF during the fourth quarter worth $26,000. Key Capital Management INC bought a new position in iShares U.S. Financials ETF during the fourth quarter worth $28,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in iShares U.S. Financials ETF by 666.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 230 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period.

iShares U.S. Financials ETF Stock Performance

IYF opened at $131.89 on Friday. iShares U.S. Financials ETF has a 1-year low of $113.62 and a 1-year high of $133.54. The company has a market cap of $4.04 billion, a P/E ratio of 16.42 and a beta of 0.90. The company has a fifty day moving average price of $125.12 and a two-hundred day moving average price of $124.84.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.