5,130 Shares in iShares U.S. Financials ETF $IYF Bought by Sargent Investment Group LLC

Sargent Investment Group LLC purchased a new position in iShares U.S. Financials ETF (NYSEARCA:IYF) in the fourth quarter, HoldingsChannel reports. The fund purchased 5,130 shares of the company’s stock, valued at approximately $661,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares U.S. Financials ETF by 488.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock worth $504,583,000 after buying an additional 3,248,510 shares during the last quarter. Dynasty Wealth Management LLC increased its stake in shares of iShares U.S. Financials ETF by 545.2% in the fourth quarter. Dynasty Wealth Management LLC now owns 1,762,552 shares of the company’s stock worth $227,246,000 after buying an additional 1,489,376 shares during the last quarter. Bank of America Corp DE increased its stake in shares of iShares U.S. Financials ETF by 5.7% in the third quarter. Bank of America Corp DE now owns 1,586,519 shares of the company’s stock worth $200,917,000 after buying an additional 86,197 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Financials ETF by 184.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,053,341 shares of the company’s stock worth $135,807,000 after buying an additional 682,543 shares during the last quarter. Finally, Sagespring Wealth Partners LLC increased its stake in shares of iShares U.S. Financials ETF by 247.2% in the fourth quarter. Sagespring Wealth Partners LLC now owns 826,819 shares of the company’s stock worth $106,602,000 after buying an additional 588,659 shares during the last quarter.

iShares U.S. Financials ETF Trading Down 0.0%

Shares of NYSEARCA:IYF opened at $128.00 on Tuesday. iShares U.S. Financials ETF has a 12-month low of $113.62 and a 12-month high of $133.54. The company has a fifty day simple moving average of $123.46 and a 200 day simple moving average of $124.61. The firm has a market cap of $3.51 billion, a PE ratio of 16.42 and a beta of 0.91.

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.