Northwestern Mutual Wealth Management Co. Has $84.69 Million Stock Position in iShares U.S. Financials ETF $IYF

Northwestern Mutual Wealth Management Co. cut its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 656,867 shares of the company’s stock after selling 8,245 shares during the period. Northwestern Mutual Wealth Management Co. owned 1.99% of iShares U.S. Financials ETF worth $84,690,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of IYF. Ransom Advisory Ltd bought a new stake in shares of iShares U.S. Financials ETF during the 4th quarter worth approximately $26,000. Flagship Harbor Advisors LLC bought a new position in shares of iShares U.S. Financials ETF in the fourth quarter valued at $26,000. Financial Life Planners acquired a new position in iShares U.S. Financials ETF during the third quarter worth $27,000. Key Capital Management INC acquired a new stake in iShares U.S. Financials ETF in the fourth quarter valued at $28,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in iShares U.S. Financials ETF in the fourth quarter valued at $32,000.

iShares U.S. Financials ETF Price Performance

iShares U.S. Financials ETF stock opened at $122.86 on Friday. The firm has a market capitalization of $3.37 billion, a PE ratio of 16.42 and a beta of 0.92. The company’s 50-day moving average is $121.67 and its 200-day moving average is $124.46. iShares U.S. Financials ETF has a fifty-two week low of $113.62 and a fifty-two week high of $133.54.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.