Envestnet Asset Management Inc. Grows Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Envestnet Asset Management Inc. grew its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 21.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,800 shares of the company’s stock after acquiring an additional 19,987 shares during the quarter. Envestnet Asset Management Inc. owned about 0.34% of iShares U.S. Financials ETF worth $12,617,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Accredited Wealth Management LLC bought a new position in iShares U.S. Financials ETF during the 4th quarter worth approximately $29,000. Sound Income Strategies LLC acquired a new position in shares of iShares U.S. Financials ETF during the 1st quarter valued at $34,000. Trust Co. of Vermont acquired a new position in shares of iShares U.S. Financials ETF during the 1st quarter valued at $35,000. Golden State Wealth Management LLC grew its holdings in shares of iShares U.S. Financials ETF by 69.0% in the 1st quarter. Golden State Wealth Management LLC now owns 311 shares of the company’s stock worth $35,000 after acquiring an additional 127 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in shares of iShares U.S. Financials ETF in the 4th quarter worth $39,000.

iShares U.S. Financials ETF Trading Up 0.1%

IYF opened at $122.59 on Friday. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 16.42 and a beta of 1.03. iShares U.S. Financials ETF has a 1 year low of $92.83 and a 1 year high of $123.11. The stock has a fifty day moving average price of $117.93 and a 200 day moving average price of $114.24.

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.