Zhang Financial LLC Takes Position in iShares U.S. Financials ETF $IYF

Zhang Financial LLC bought a new stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the 1st quarter, HoldingsChannel.com reports. The fund bought 4,458 shares of the company’s stock, valued at approximately $525,000.

Several other institutional investors have also bought and sold shares of the stock. Centerline Wealth Advisors LLC bought a new stake in shares of iShares U.S. Financials ETF in the 4th quarter worth $5,353,000. Cyndeo Wealth Partners LLC boosted its holdings in iShares U.S. Financials ETF by 149.5% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 17,451 shares of the company’s stock worth $2,250,000 after purchasing an additional 10,456 shares during the last quarter. Brendel Financial Advisors LLC purchased a new position in iShares U.S. Financials ETF during the fourth quarter worth about $913,000. Northwestern Mutual Wealth Management Co. grew its position in iShares U.S. Financials ETF by 488.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock worth $504,583,000 after purchasing an additional 3,248,510 shares in the last quarter. Finally, Cottonwood Capital Advisors LLC bought a new stake in iShares U.S. Financials ETF in the 1st quarter worth about $684,000.

iShares U.S. Financials ETF Stock Performance

NYSEARCA:IYF opened at $133.63 on Friday. iShares U.S. Financials ETF has a 52 week low of $113.62 and a 52 week high of $135.27. The firm has a 50-day moving average price of $127.06 and a two-hundred day moving average price of $125.10. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 16.42 and a beta of 0.90.

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.