Northwestern Mutual Wealth Management Co. Has $84.69 Million Stock Holdings in iShares U.S. Financials ETF $IYF

Northwestern Mutual Wealth Management Co. trimmed its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 656,867 shares of the company’s stock after selling 8,245 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares U.S. Financials ETF were worth $84,690,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IYF. Somerset Group LLC raised its position in shares of iShares U.S. Financials ETF by 0.3% in the third quarter. Somerset Group LLC now owns 24,836 shares of the company’s stock valued at $3,145,000 after purchasing an additional 82 shares during the period. Lpwm LLC grew its stake in iShares U.S. Financials ETF by 1.8% in the 4th quarter. Lpwm LLC now owns 4,871 shares of the company’s stock valued at $628,000 after buying an additional 86 shares during the last quarter. SeaCrest Wealth Management LLC grew its stake in iShares U.S. Financials ETF by 3.9% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 2,399 shares of the company’s stock valued at $300,000 after buying an additional 90 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in iShares U.S. Financials ETF by 0.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 16,692 shares of the company’s stock valued at $2,114,000 after acquiring an additional 93 shares during the period. Finally, Vivaldi Capital Management LP lifted its position in iShares U.S. Financials ETF by 3.6% during the second quarter. Vivaldi Capital Management LP now owns 2,769 shares of the company’s stock worth $335,000 after acquiring an additional 97 shares during the last quarter.

iShares U.S. Financials ETF Stock Up 0.6%

Shares of NYSEARCA:IYF opened at $122.86 on Friday. iShares U.S. Financials ETF has a 12-month low of $113.62 and a 12-month high of $133.54. The business has a 50 day moving average of $121.67 and a 200-day moving average of $124.46. The stock has a market cap of $3.37 billion, a PE ratio of 16.42 and a beta of 0.92.

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.