Centerline Wealth Advisors LLC Invests $5.35 Million in iShares U.S. Financials ETF $IYF

Centerline Wealth Advisors LLC acquired a new position in iShares U.S. Financials ETF (NYSEARCA:IYF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 41,516 shares of the company’s stock, valued at approximately $5,353,000. iShares U.S. Financials ETF comprises about 1.9% of Centerline Wealth Advisors LLC’s investment portfolio, making the stock its 15th biggest position. Centerline Wealth Advisors LLC owned approximately 0.13% of iShares U.S. Financials ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC acquired a new position in iShares U.S. Financials ETF during the 1st quarter worth about $426,000. Integrated Wealth Concepts LLC increased its stake in shares of iShares U.S. Financials ETF by 45.7% in the first quarter. Integrated Wealth Concepts LLC now owns 4,282 shares of the company’s stock valued at $483,000 after buying an additional 1,343 shares during the period. Jane Street Group LLC acquired a new stake in shares of iShares U.S. Financials ETF in the first quarter valued at about $247,000. Focus Partners Wealth raised its position in shares of iShares U.S. Financials ETF by 8.6% during the first quarter. Focus Partners Wealth now owns 2,093 shares of the company’s stock worth $236,000 after acquiring an additional 165 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of iShares U.S. Financials ETF by 6.0% in the second quarter. TD Waterhouse Canada Inc. now owns 1,808 shares of the company’s stock worth $220,000 after acquiring an additional 102 shares during the period.

iShares U.S. Financials ETF Price Performance

iShares U.S. Financials ETF stock opened at $116.24 on Monday. The stock’s 50 day moving average is $124.38 and its 200 day moving average is $125.32. iShares U.S. Financials ETF has a one year low of $95.34 and a one year high of $133.54. The firm has a market cap of $3.84 billion, a P/E ratio of 16.42 and a beta of 1.02.

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