Fountainhead AM LLC Takes Position in iShares U.S. Financials ETF $IYF

Fountainhead AM LLC purchased a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,111 shares of the company’s stock, valued at approximately $497,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its stake in iShares U.S. Financials ETF by 21.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 111,800 shares of the company’s stock worth $12,617,000 after buying an additional 19,987 shares in the last quarter. CWM LLC boosted its stake in shares of iShares U.S. Financials ETF by 23.5% in the first quarter. CWM LLC now owns 8,873 shares of the company’s stock worth $1,001,000 after acquiring an additional 1,691 shares during the last quarter. Whitener Capital Management Inc. increased its position in shares of iShares U.S. Financials ETF by 24.9% during the first quarter. Whitener Capital Management Inc. now owns 4,945 shares of the company’s stock worth $558,000 after purchasing an additional 986 shares in the last quarter. Sigma Planning Corp increased its position in shares of iShares U.S. Financials ETF by 19.3% during the first quarter. Sigma Planning Corp now owns 10,248 shares of the company’s stock worth $1,157,000 after purchasing an additional 1,655 shares in the last quarter. Finally, Apollon Financial LLC raised its stake in iShares U.S. Financials ETF by 16.9% in the 1st quarter. Apollon Financial LLC now owns 3,715 shares of the company’s stock valued at $419,000 after purchasing an additional 536 shares during the last quarter.

iShares U.S. Financials ETF Stock Performance

Shares of IYF stock opened at $124.06 on Monday. iShares U.S. Financials ETF has a fifty-two week low of $95.34 and a fifty-two week high of $128.07. The stock’s fifty day moving average is $124.45 and its two-hundred day moving average is $120.74. The firm has a market capitalization of $4.11 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.