USA Financial Formulas Invests $3.58 Million in iShares U.S. Financials ETF $IYF

USA Financial Formulas purchased a new position in iShares U.S. Financials ETF (NYSEARCA:IYF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,559 shares of the company’s stock, valued at approximately $3,576,000. iShares U.S. Financials ETF accounts for 0.6% of USA Financial Formulas’ holdings, making the stock its 17th biggest position. USA Financial Formulas owned approximately 0.09% of iShares U.S. Financials ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC purchased a new stake in shares of iShares U.S. Financials ETF in the first quarter worth approximately $34,000. Park Square Financial Group LLC purchased a new stake in shares of iShares U.S. Financials ETF in the first quarter worth approximately $34,000. Trust Co. of Vermont purchased a new stake in shares of iShares U.S. Financials ETF in the first quarter worth approximately $35,000. Golden State Wealth Management LLC raised its holdings in shares of iShares U.S. Financials ETF by 69.0% in the first quarter. Golden State Wealth Management LLC now owns 311 shares of the company’s stock worth $35,000 after buying an additional 127 shares during the period. Finally, Rise Advisors LLC raised its holdings in shares of iShares U.S. Financials ETF by 60.4% in the second quarter. Rise Advisors LLC now owns 364 shares of the company’s stock worth $44,000 after buying an additional 137 shares during the period.

iShares U.S. Financials ETF Stock Performance

Shares of NYSEARCA IYF opened at $124.96 on Thursday. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 16.42 and a beta of 1.03. The business’s 50 day moving average price is $124.33 and its 200-day moving average price is $117.66. iShares U.S. Financials ETF has a fifty-two week low of $95.34 and a fifty-two week high of $128.07.

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.