Financial Management Professionals Inc. Boosts Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

Financial Management Professionals Inc. increased its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 34,745 shares of the company’s stock after buying an additional 1,232 shares during the quarter. Financial Management Professionals Inc. owned about 0.13% of iShares U.S. Financials ETF worth $3,842,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IYF. Ironwood Wealth Management LLC. increased its holdings in iShares U.S. Financials ETF by 4.9% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 5,936 shares of the company’s stock worth $561,000 after buying an additional 279 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in iShares U.S. Financials ETF by 193.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,498 shares of the company’s stock worth $709,000 after buying an additional 4,941 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in iShares U.S. Financials ETF by 24.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 96,524 shares of the company’s stock worth $9,128,000 after buying an additional 19,118 shares in the last quarter. Renaissance Technologies LLC bought a new stake in iShares U.S. Financials ETF in the 2nd quarter worth about $236,000. Finally, Thrivent Financial for Lutherans increased its holdings in iShares U.S. Financials ETF by 1.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 108,016 shares of the company’s stock worth $10,215,000 after buying an additional 1,988 shares in the last quarter.

iShares U.S. Financials ETF Stock Performance

NYSEARCA IYF opened at $115.80 on Friday. iShares U.S. Financials ETF has a one year low of $83.28 and a one year high of $119.90. The stock has a 50-day moving average of $113.87 and a 200 day moving average of $106.56. The company has a market capitalization of $3.21 billion, a price-to-earnings 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.