Sagespring Wealth Partners LLC Purchases Shares of 221,240 iShares U.S. Financials ETF $IYF

Sagespring Wealth Partners LLC purchased a new stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 221,240 shares of the company’s stock, valued at approximately $26,768,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IYF. The Manufacturers Life Insurance Company raised its position in iShares U.S. Financials ETF by 1,366.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,498,231 shares of the company’s stock valued at $169,075,000 after purchasing an additional 1,396,090 shares during the last quarter. SPC Financial Inc. bought a new position in iShares U.S. Financials ETF during the 2nd quarter valued at approximately $18,470,000. PGIM Custom Harvest LLC raised its position in iShares U.S. Financials ETF by 27.0% during the 1st quarter. PGIM Custom Harvest LLC now owns 648,435 shares of the company’s stock valued at $73,176,000 after purchasing an additional 137,864 shares during the last quarter. Goldman Sachs Group Inc. raised its position in iShares U.S. Financials ETF by 12.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 929,654 shares of the company’s stock valued at $104,911,000 after purchasing an additional 105,022 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of iShares U.S. Financials ETF by 37.4% in the 1st quarter. Royal Bank of Canada now owns 300,338 shares of the company’s stock worth $33,893,000 after acquiring an additional 81,827 shares in the last quarter.

iShares U.S. Financials ETF Stock Performance

Shares of NYSEARCA:IYF opened at $123.20 on Tuesday. iShares U.S. Financials ETF has a 52-week low of $95.34 and a 52-week high of $128.07. The firm has a market capitalization of $4.11 billion, a P/E ratio of 16.42 and a beta of 1.03. The stock has a 50 day moving average price of $124.64 and a 200-day moving average price of $118.37.

iShares U.S. Financials ETF 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.