Wealthstar Advisors LLC Takes $2.16 Million Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Wealthstar Advisors LLC acquired a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,515 shares of the company’s stock, valued at approximately $2,158,000. iShares U.S. Financials ETF makes up about 0.9% of Wealthstar Advisors LLC’s portfolio, making the stock its 19th biggest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. purchased a new position in shares of iShares U.S. Financials ETF in the fourth quarter worth $37,000. Moloney Securities Asset Management LLC boosted its holdings in shares of iShares U.S. Financials ETF by 3.7% during the 4th quarter. Moloney Securities Asset Management LLC now owns 85,350 shares of the company’s stock valued at $9,438,000 after acquiring an additional 3,077 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of iShares U.S. Financials ETF in the fourth quarter worth approximately $3,836,000. Rik Saylor Financial Inc. bought a new position in iShares U.S. Financials ETF during the fourth quarter valued at approximately $477,000. Finally, Choreo LLC lifted its position in iShares U.S. Financials ETF by 8.4% during the fourth quarter. Choreo LLC now owns 2,576 shares of the company’s stock valued at $285,000 after purchasing an additional 200 shares during the period.

iShares U.S. Financials ETF Trading Down 0.4 %

NYSEARCA:IYF opened at $118.67 on Monday. The company has a 50 day simple moving average of $114.15 and a two-hundred day simple moving average of $108.61. The company has a market cap of $3.29 billion, a PE ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a 12 month low of $86.24 and a 12 month high of $119.90.

iShares U.S. Financials ETF 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.