Northwestern Mutual Wealth Management Co. Raises Stake in iShares U.S. Financials ETF $IYF

Northwestern Mutual Wealth Management Co. raised its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 488.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,913,622 shares of the company’s stock after buying an additional 3,248,510 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.12% of iShares U.S. Financials ETF worth $504,583,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Ransom Advisory Ltd purchased a new position in shares of iShares U.S. Financials ETF during the 4th quarter worth $26,000. Flagship Harbor Advisors LLC purchased a new position in shares of iShares U.S. Financials ETF during the 4th quarter worth $26,000. Financial Life Planners purchased a new position in shares of iShares U.S. Financials ETF during the 3rd quarter worth $27,000. Key Capital Management INC purchased a new position in shares of iShares U.S. Financials ETF during the 4th quarter worth $28,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of iShares U.S. Financials ETF during the 3rd quarter worth $34,000.

iShares U.S. Financials ETF Trading Down 0.6%

NYSEARCA IYF opened at $121.76 on Friday. The stock has a market cap of $3.34 billion, a PE ratio of 16.42 and a beta of 0.92. iShares U.S. Financials ETF has a twelve month low of $113.12 and a twelve month high of $133.54. The stock has a fifty day simple moving average of $120.71 and a 200-day simple moving average of $124.46.

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.