Chesapeake Wealth Management trimmed its stake in iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report) by 9.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,778 shares of the company’s stock after selling 1,141 shares during the period. Chesapeake Wealth Management’s holdings in iShares U.S. Financials ETF were worth $1,192,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. raised its position in shares of iShares U.S. Financials ETF by 9.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 17,042 shares of the company’s stock valued at $1,885,000 after purchasing an additional 1,417 shares during the period. Wealth Management Partners LLC raised its holdings in iShares U.S. Financials ETF by 17.8% in the 4th quarter. Wealth Management Partners LLC now owns 8,877 shares of the company’s stock worth $982,000 after acquiring an additional 1,342 shares during the period. Financial Freedom LLC lifted its position in iShares U.S. Financials ETF by 16.6% during the 4th quarter. Financial Freedom LLC now owns 6,347 shares of the company’s stock worth $702,000 after acquiring an additional 905 shares during the last quarter. Stillwater Capital Advisors LLC boosted its holdings in iShares U.S. Financials ETF by 6.6% during the fourth quarter. Stillwater Capital Advisors LLC now owns 54,509 shares of the company’s stock valued at $6,028,000 after acquiring an additional 3,352 shares during the period. Finally, Financial Management Professionals Inc. grew its position in shares of iShares U.S. Financials ETF by 3.7% in the fourth quarter. Financial Management Professionals Inc. now owns 34,745 shares of the company’s stock valued at $3,842,000 after purchasing an additional 1,232 shares during the last quarter.
iShares U.S. Financials ETF Stock Performance
iShares U.S. Financials ETF stock opened at $115.80 on Tuesday. The business’s 50-day simple moving average is $113.87 and its 200-day simple moving average is $106.63. iShares U.S. Financials ETF has a 52 week low of $83.28 and a 52 week high of $119.90. The firm has a market capitalization of $3.21 billion, a PE ratio of 16.14 and a beta of 0.84.
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.
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