Gerald Baker Financial Group LLC Buys Shares of 9,704 iShares U.S. Financials ETF $IYF

Gerald Baker Financial Group LLC bought a new stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,704 shares of the company’s stock, valued at approximately $1,073,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares U.S. Financials ETF by 488.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock worth $504,583,000 after buying an additional 3,248,510 shares in the last quarter. Dynasty Wealth Management LLC grew its stake in iShares U.S. Financials ETF by 545.2% during the fourth quarter. Dynasty Wealth Management LLC now owns 1,762,552 shares of the company’s stock valued at $227,246,000 after acquiring an additional 1,489,376 shares in the last quarter. Hsbc Holdings PLC purchased a new position in iShares U.S. Financials ETF during the fourth quarter valued at approximately $103,827,000. JPMorgan Chase & Co. increased its holdings in iShares U.S. Financials ETF by 184.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,053,341 shares of the company’s stock worth $135,807,000 after acquiring an additional 682,543 shares during the period. Finally, Sagespring Wealth Partners LLC increased its holdings in iShares U.S. Financials ETF by 247.2% during the 4th quarter. Sagespring Wealth Partners LLC now owns 826,819 shares of the company’s stock worth $106,602,000 after acquiring an additional 588,659 shares during the period.

iShares U.S. Financials ETF Price Performance

NYSEARCA IYF opened at $134.56 on Friday. iShares U.S. Financials ETF has a 1 year low of $113.62 and a 1 year high of $135.05. The stock has a market capitalization of $4.27 billion, a PE ratio of 16.42 and a beta of 0.90. The company’s 50 day simple moving average is $126.84 and its two-hundred day simple moving average is $125.04.

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.