GDS Wealth Management Has $15.17 Million Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

GDS Wealth Management lessened its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,208 shares of the company’s stock after selling 10,018 shares during the period. GDS Wealth Management owned about 0.49% of iShares U.S. Financials ETF worth $15,172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of IYF. Bank of Montreal Can grew its holdings in shares of iShares U.S. Financials ETF by 705.1% in the 3rd quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock valued at $44,658,000 after acquiring an additional 377,999 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in iShares U.S. Financials ETF by 28.5% during the third quarter. The Manufacturers Life Insurance Company now owns 769,351 shares of the company’s stock worth $79,936,000 after acquiring an additional 170,769 shares in the last quarter. Apollon Wealth Management LLC boosted its position in iShares U.S. Financials ETF by 1,161.0% during the third quarter. Apollon Wealth Management LLC now owns 124,235 shares of the company’s stock valued at $12,908,000 after purchasing an additional 114,383 shares during the last quarter. International Assets Investment Management LLC grew its stake in iShares U.S. Financials ETF by 10,290.9% in the third quarter. International Assets Investment Management LLC now owns 100,584 shares of the company’s stock valued at $10,451,000 after purchasing an additional 99,616 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC bought a new position in shares of iShares U.S. Financials ETF in the third quarter valued at $9,741,000.

iShares U.S. Financials ETF Trading Down 0.8 %

NYSEARCA IYF opened at $117.12 on Tuesday. The firm has a market capitalization of $3.25 billion, a P/E ratio of 16.14 and a beta of 0.84. The firm’s fifty day moving average price is $114.23 and its two-hundred day moving average price is $108.03. iShares U.S. Financials ETF has a 1 year low of $86.21 and a 1 year high of $119.90.

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.