Forte Asset Management LLC Takes Position in iShares U.S. Financials ETF $IYF

Forte Asset Management LLC bought a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,589 shares of the company’s stock, valued at approximately $2,227,000. Forte Asset Management LLC owned approximately 0.05% of iShares U.S. Financials ETF at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of IYF. Vivaldi Capital Management LP raised its holdings in iShares U.S. Financials ETF by 3.6% during the second quarter. Vivaldi Capital Management LP now owns 2,769 shares of the company’s stock worth $335,000 after buying an additional 97 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of iShares U.S. Financials ETF by 6.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,808 shares of the company’s stock worth $220,000 after acquiring an additional 102 shares during the last quarter. Redwood Financial Network Corp raised its stake in shares of iShares U.S. Financials ETF by 2.0% in the second quarter. Redwood Financial Network Corp now owns 5,231 shares of the company’s stock worth $633,000 after purchasing an additional 104 shares during the last quarter. Lee Johnson Capital Management LLC grew its holdings in iShares U.S. Financials ETF by 0.8% during the third quarter. Lee Johnson Capital Management LLC now owns 14,390 shares of the company’s stock worth $1,822,000 after buying an additional 111 shares in the last quarter. Finally, Sowell Financial Services LLC boosted its holdings in iShares U.S. Financials ETF by 5.5% during the 3rd quarter. Sowell Financial Services LLC now owns 2,398 shares of the company’s stock worth $304,000 after acquiring an additional 124 shares during the last quarter.

iShares U.S. Financials ETF Price Performance

Shares of IYF stock opened at $126.73 on Friday. The firm has a 50-day moving average of $127.86 and a 200-day moving average of $125.17. iShares U.S. Financials ETF has a one year low of $95.34 and a one year high of $133.54. The company has a market cap of $4.21 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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.