Liberty Wealth Management LLC Takes Position in iShares U.S. Financials ETF $IYF

Liberty Wealth Management LLC acquired a new position in iShares U.S. Financials ETF (NYSEARCA:IYF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,920 shares of the company’s stock, valued at approximately $716,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Golden State Wealth Management LLC boosted its stake in iShares U.S. Financials ETF by 238.0% during the 1st quarter. Golden State Wealth Management LLC now owns 622 shares of the company’s stock valued at $70,000 after purchasing an additional 438 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of iShares U.S. Financials ETF by 18.9% during the first quarter. Sequoia Financial Advisors LLC now owns 2,746 shares of the company’s stock valued at $310,000 after purchasing an additional 437 shares in the last quarter. Trust Co. of Vermont purchased a new stake in shares of iShares U.S. Financials ETF during the first quarter valued at $35,000. Money Concepts Capital Corp increased its holdings in iShares U.S. Financials ETF by 17.4% in the 1st quarter. Money Concepts Capital Corp now owns 2,696 shares of the company’s stock worth $304,000 after buying an additional 399 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its position in iShares U.S. Financials ETF by 21.2% in the 1st quarter. Sunbelt Securities Inc. now owns 5,003 shares of the company’s stock worth $565,000 after buying an additional 875 shares during the last quarter.

iShares U.S. Financials ETF Stock Up 1.2%

Shares of NYSEARCA IYF opened at $123.43 on Monday. The firm’s 50-day moving average price is $124.74 and its 200-day moving average price is $119.43. iShares U.S. Financials ETF has a 52-week low of $95.34 and a 52-week high of $128.07. The company has a market cap of $4.09 billion, a PE ratio of 16.42 and a beta of 1.03.

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.