Tepp RIA LLC Buys Shares of 31,351 iShares U.S. Financials ETF (NYSEARCA:IYF)

Tepp RIA LLC purchased a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 31,351 shares of the company’s stock, valued at approximately $3,538,000. iShares U.S. Financials ETF comprises 4.8% of Tepp RIA LLC’s investment portfolio, making the stock its 7th largest holding. Tepp RIA LLC owned 0.10% of iShares U.S. Financials ETF at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of IYF. Accredited Wealth Management LLC purchased a new stake in shares of iShares U.S. Financials ETF during the fourth quarter worth $29,000. Private Trust Co. NA increased its holdings in iShares U.S. Financials ETF by 50.5% during the 4th quarter. Private Trust Co. NA now owns 301 shares of the company’s stock worth $33,000 after acquiring an additional 101 shares during the period. Sound Income Strategies LLC purchased a new stake in iShares U.S. Financials ETF in the 1st quarter worth approximately $34,000. Lee Danner & Bass Inc. bought a new position in iShares U.S. Financials ETF in the 4th quarter valued at $39,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in iShares U.S. Financials ETF by 141.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 416 shares of the company’s stock valued at $46,000 after purchasing an additional 244 shares during the period.

iShares U.S. Financials ETF Price Performance

IYF opened at $119.75 on Friday. The firm has a market capitalization of $3.62 billion, a P/E ratio of 16.42 and a beta of 1.03. iShares U.S. Financials ETF has a one year low of $92.83 and a one year high of $119.90. The company has a fifty day moving average price of $114.18 and a 200-day moving average price of $113.16.

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.