GDS Wealth Management Has $15.17 Million Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

GDS Wealth Management decreased its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 137,208 shares of the company’s stock after selling 10,018 shares during the quarter. GDS Wealth Management’s holdings in iShares U.S. Financials ETF were worth $15,172,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of IYF. Bank of Montreal Can grew its holdings in iShares U.S. Financials ETF by 705.1% in the third quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock worth $44,658,000 after purchasing an additional 377,999 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of iShares U.S. Financials ETF by 28.5% during the third quarter. The Manufacturers Life Insurance Company now owns 769,351 shares of the company’s stock valued at $79,936,000 after acquiring an additional 170,769 shares in the last quarter. Apollon Wealth Management LLC raised its position in shares of iShares U.S. Financials ETF by 1,161.0% during the third quarter. Apollon Wealth Management LLC now owns 124,235 shares of the company’s stock worth $12,908,000 after purchasing an additional 114,383 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of iShares U.S. Financials ETF by 10,290.9% in the 3rd quarter. International Assets Investment Management LLC now owns 100,584 shares of the company’s stock worth $10,451,000 after purchasing an additional 99,616 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC acquired a new stake in iShares U.S. Financials ETF in the 3rd quarter valued at $9,741,000.

iShares U.S. Financials ETF Price Performance

Shares of NYSEARCA IYF opened at $117.12 on Tuesday. The company has a 50-day moving average price of $114.23 and a 200-day moving average price of $108.03. The stock has a market capitalization of $3.25 billion, a P/E ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a 1 year low of $86.21 and a 1 year high of $119.90.

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.