Envestnet Asset Management Inc. Grows Position in iShares U.S. Financials ETF $IYF

Envestnet Asset Management Inc. increased its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 10.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,788 shares of the company’s stock after purchasing an additional 13,486 shares during the period. Envestnet Asset Management Inc. owned 0.42% of iShares U.S. Financials ETF worth $17,829,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Davis Capital Management bought a new stake in shares of iShares U.S. Financials ETF during the 3rd quarter valued at $35,000. Newbridge Financial Services Group Inc. boosted its stake in iShares U.S. Financials ETF by 39.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 465 shares of the company’s stock worth $56,000 after acquiring an additional 131 shares in the last quarter. Root Financial Partners LLC purchased a new stake in iShares U.S. Financials ETF in the third quarter worth about $63,000. Assetmark Inc. bought a new position in shares of iShares U.S. Financials ETF during the second quarter valued at approximately $63,000. Finally, Private Trust Co. NA increased its stake in shares of iShares U.S. Financials ETF by 106.7% during the second quarter. Private Trust Co. NA now owns 705 shares of the company’s stock valued at $85,000 after purchasing an additional 364 shares in the last quarter.

iShares U.S. Financials ETF Stock Up 0.4%

Shares of IYF opened at $123.83 on Friday. iShares U.S. Financials ETF has a 52 week low of $95.34 and a 52 week high of $133.54. The business’s 50 day moving average price is $128.82 and its 200-day moving average price is $125.70. The stock has a market cap of $4.09 billion, a P/E ratio of 16.42 and a beta of 1.02.

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.