Dynasty Wealth Management LLC Buys 1,489,376 Shares of iShares U.S. Financials ETF $IYF

Dynasty Wealth Management LLC increased its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 545.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,762,552 shares of the company’s stock after acquiring an additional 1,489,376 shares during the quarter. iShares U.S. Financials ETF comprises about 2.2% of Dynasty Wealth Management LLC’s portfolio, making the stock its 15th largest holding. Dynasty Wealth Management LLC owned approximately 0.05% of iShares U.S. Financials ETF worth $227,246,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IYF. AQR Capital Management LLC bought a new position in shares of iShares U.S. Financials ETF during the first quarter worth $426,000. Integrated Wealth Concepts LLC boosted its position in shares of iShares U.S. Financials ETF by 45.7% during the first quarter. Integrated Wealth Concepts LLC now owns 4,282 shares of the company’s stock worth $483,000 after acquiring an additional 1,343 shares during the last quarter. Jane Street Group LLC purchased a new stake in iShares U.S. Financials ETF during the first quarter valued at $247,000. Focus Partners Wealth raised its stake in iShares U.S. Financials ETF by 8.6% during the first quarter. Focus Partners Wealth now owns 2,093 shares of the company’s stock valued at $236,000 after purchasing an additional 165 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in iShares U.S. Financials ETF by 33.7% during the second quarter. First Trust Advisors LP now owns 2,557 shares of the company’s stock valued at $309,000 after purchasing an additional 645 shares in the last quarter.

iShares U.S. Financials ETF Stock Up 0.4%

iShares U.S. Financials ETF stock opened at $123.02 on Wednesday. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 16.42 and a beta of 0.92. The firm’s fifty day moving average is $121.79 and its 200 day moving average is $124.45. iShares U.S. Financials ETF has a 52-week low of $113.62 and a 52-week high of $133.54.

About iShares U.S. Financials ETF

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.