Sargent Investment Group LLC Takes $561,000 Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Sargent Investment Group LLC acquired a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,130 shares of the company’s stock, valued at approximately $561,000.

Several other hedge funds also recently modified their holdings of IYF. Ironwood Wealth Management LLC. raised its stake in shares of iShares U.S. Financials ETF by 4.9% in the second quarter. Ironwood Wealth Management LLC. now owns 5,936 shares of the company’s stock valued at $561,000 after purchasing an additional 279 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of iShares U.S. Financials ETF in the second quarter valued at $236,000. Truist Financial Corp raised its stake in shares of iShares U.S. Financials ETF by 8.8% in the second quarter. Truist Financial Corp now owns 27,736 shares of the company’s stock valued at $2,623,000 after purchasing an additional 2,252 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in iShares U.S. Financials ETF during the second quarter worth $2,544,000. Finally, Kesler Norman & Wride LLC raised its stake in iShares U.S. Financials ETF by 109.7% during the third quarter. Kesler Norman & Wride LLC now owns 8,736 shares of the company’s stock worth $908,000 after acquiring an additional 4,570 shares in the last quarter.

iShares U.S. Financials ETF Price Performance

iShares U.S. Financials ETF stock opened at $117.13 on Wednesday. The stock has a fifty day moving average price of $114.20 and a two-hundred day moving average price of $108.15. iShares U.S. Financials ETF has a 52-week low of $86.21 and a 52-week high of $119.90. The firm 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 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.