Fisher Asset Management LLC Decreases Stock Position in iShares U.S. Financials ETF $IYF

Fisher Asset Management LLC lowered its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,733,313 shares of the company’s stock after selling 50,544 shares during the quarter. Fisher Asset Management LLC owned about 5.24% of iShares U.S. Financials ETF worth $223,476,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in iShares U.S. Financials ETF by 488.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock worth $504,583,000 after purchasing an additional 3,248,510 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of iShares U.S. Financials ETF by 5.7% in the 3rd quarter. Bank of America Corp DE now owns 1,586,519 shares of the company’s stock worth $200,917,000 after buying an additional 86,197 shares during the last quarter. Sagespring Wealth Partners LLC increased its holdings in shares of iShares U.S. Financials ETF by 247.2% in the 4th quarter. Sagespring Wealth Partners LLC now owns 826,819 shares of the company’s stock worth $106,602,000 after buying an additional 588,659 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of iShares U.S. Financials ETF by 1,275.8% in the 3rd quarter. Bank of Montreal Can now owns 699,898 shares of the company’s stock worth $88,635,000 after buying an additional 649,026 shares during the last quarter. Finally, PGIM Custom Harvest LLC increased its holdings in shares of iShares U.S. Financials ETF by 1.1% in the 3rd quarter. PGIM Custom Harvest LLC now owns 602,034 shares of the company’s stock worth $76,242,000 after buying an additional 6,424 shares during the last quarter.

iShares U.S. Financials ETF Price Performance

iShares U.S. Financials ETF stock opened at $123.79 on Tuesday. The company’s 50-day moving average price is $121.18 and its 200-day moving average price is $124.49. iShares U.S. Financials ETF has a twelve month low of $113.12 and a twelve month high of $133.54. The company has a market cap of $3.39 billion, a PE ratio of 16.42 and a beta of 0.92.

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