4,111 Shares in iShares U.S. Financials ETF $IYF Purchased by Fountainhead AM LLC

Fountainhead AM LLC acquired a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,111 shares of the company’s stock, valued at approximately $497,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its holdings in shares of iShares U.S. Financials ETF by 21.8% in the first quarter. Envestnet Asset Management Inc. now owns 111,800 shares of the company’s stock valued at $12,617,000 after purchasing an additional 19,987 shares in the last quarter. CWM LLC raised its position in shares of iShares U.S. Financials ETF by 23.5% during the 1st quarter. CWM LLC now owns 8,873 shares of the company’s stock worth $1,001,000 after purchasing an additional 1,691 shares during the last quarter. Whitener Capital Management Inc. lifted its stake in iShares U.S. Financials ETF by 24.9% in the 1st quarter. Whitener Capital Management Inc. now owns 4,945 shares of the company’s stock valued at $558,000 after buying an additional 986 shares in the last quarter. Sigma Planning Corp grew its holdings in iShares U.S. Financials ETF by 19.3% during the 1st quarter. Sigma Planning Corp now owns 10,248 shares of the company’s stock valued at $1,157,000 after buying an additional 1,655 shares during the last quarter. Finally, Apollon Financial LLC increased its position in iShares U.S. Financials ETF by 16.9% during the first quarter. Apollon Financial LLC now owns 3,715 shares of the company’s stock worth $419,000 after buying an additional 536 shares in the last quarter.

iShares U.S. Financials ETF Stock Up 1.1%

NYSEARCA IYF opened at $124.06 on Monday. iShares U.S. Financials ETF has a fifty-two week low of $95.34 and a fifty-two week high of $128.07. The business has a fifty day moving average of $124.45 and a 200-day moving average of $120.74. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 16.42 and a beta of 1.02.

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.