Prasad Wealth Partners LLC Takes $8.23 Million Position in iShares U.S. Financials ETF $IYF

Prasad Wealth Partners LLC bought a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 68,017 shares of the company’s stock, valued at approximately $8,229,000. iShares U.S. Financials ETF makes up 2.4% of Prasad Wealth Partners LLC’s holdings, making the stock its 16th biggest position. Prasad Wealth Partners LLC owned about 0.20% of iShares U.S. Financials ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in IYF. The Manufacturers Life Insurance Company grew its stake in shares of iShares U.S. Financials ETF by 1,366.8% in the first quarter. The Manufacturers Life Insurance Company now owns 1,498,231 shares of the company’s stock valued at $169,075,000 after buying an additional 1,396,090 shares in the last quarter. PGIM Custom Harvest LLC grew its stake in shares of iShares U.S. Financials ETF by 27.0% in the first quarter. PGIM Custom Harvest LLC now owns 648,435 shares of the company’s stock valued at $73,176,000 after buying an additional 137,864 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of iShares U.S. Financials ETF by 12.7% in the first quarter. Goldman Sachs Group Inc. now owns 929,654 shares of the company’s stock valued at $104,911,000 after buying an additional 105,022 shares in the last quarter. Royal Bank of Canada grew its stake in shares of iShares U.S. Financials ETF by 37.4% in the first quarter. Royal Bank of Canada now owns 300,338 shares of the company’s stock valued at $33,893,000 after buying an additional 81,827 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of iShares U.S. Financials ETF by 9.5% in the first quarter. LPL Financial LLC now owns 742,926 shares of the company’s stock valued at $83,839,000 after buying an additional 64,448 shares in the last quarter.

iShares U.S. Financials ETF Trading Down 0.0%

NYSEARCA:IYF opened at $125.63 on Tuesday. iShares U.S. Financials ETF has a 1-year low of $95.34 and a 1-year high of $128.07. The firm has a fifty day simple moving average of $124.42 and a 200 day simple moving average of $118.01. The stock has a market capitalization of $4.05 billion, a PE ratio of 16.42 and a beta of 1.03.

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.