Phillip James Consulting Co. Makes New Investment in iShares U.S. Financials ETF $IYF

Phillip James Consulting Co. acquired a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,681 shares of the company’s stock, valued at approximately $954,000. iShares U.S. Financials ETF makes up about 0.7% of Phillip James Consulting Co.’s portfolio, making the stock its 29th biggest holding.

A number of other hedge funds have also made changes to their positions in IYF. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares U.S. Financials ETF by 488.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock worth $504,583,000 after acquiring an additional 3,248,510 shares in the last quarter. Dynasty Wealth Management LLC boosted its holdings in 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 valued at $227,246,000 after purchasing an additional 1,489,376 shares in the last quarter. Hsbc Holdings PLC acquired a new position in iShares U.S. Financials ETF in the fourth quarter valued at approximately $103,827,000. JPMorgan Chase & Co. increased its stake in 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 valued at $135,807,000 after purchasing an additional 682,543 shares during the last quarter. Finally, OpenArc Corporate Advisory LLC purchased a new position in iShares U.S. Financials ETF in the fourth quarter valued at approximately $46,860,000.

iShares U.S. Financials ETF Trading Up 0.2%

IYF stock opened at $133.25 on Wednesday. iShares U.S. Financials ETF has a twelve month low of $113.62 and a twelve month high of $135.26. The company’s 50 day moving average is $127.48 and its two-hundred day moving average is $125.12. The stock has a market cap of $4.36 billion, a P/E ratio of 16.42 and a beta of 0.90.

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.