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

Forte Asset Management LLC reduced its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 82.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,185 shares of the company’s stock after selling 23,758 shares during the period. 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 hedge funds have also bought and sold shares of the business. World Investment Advisors raised its holdings in iShares U.S. Financials ETF by 4.9% during the first quarter. World Investment Advisors now owns 3,884 shares of the company’s stock worth $457,000 after buying an additional 181 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of iShares U.S. Financials ETF during the first quarter worth about $223,000. Prasad Wealth Partners LLC raised its holdings in shares of iShares U.S. Financials ETF by 4.3% in the 1st quarter. Prasad Wealth Partners LLC now owns 68,233 shares of the company’s stock worth $8,028,000 after acquiring an additional 2,818 shares during the last quarter. Essex LLC raised its holdings in shares of iShares U.S. Financials ETF by 9.0% in the 1st quarter. Essex LLC now owns 14,101 shares of the company’s stock worth $1,659,000 after acquiring an additional 1,167 shares during the last quarter. Finally, Financial Life Planners bought a new position in iShares U.S. Financials ETF in the 1st quarter valued at about $25,000.

iShares U.S. Financials ETF Stock Performance

Shares of IYF opened at $131.89 on Friday. The stock has a 50 day moving average price of $125.12 and a two-hundred day moving average price of $124.84. The firm has a market capitalization of $4.04 billion, a P/E ratio of 16.42 and a beta of 0.90. iShares U.S. Financials ETF has a 52 week low of $113.62 and a 52 week high of $133.54.

iShares U.S. Financials ETF Company 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.