GDS Wealth Management Has $12.87 Million Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

GDS Wealth Management cut its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 0.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 150,722 shares of the company’s stock after selling 763 shares during the period. iShares U.S. Financials ETF comprises approximately 1.7% of GDS Wealth Management’s holdings, making the stock its 20th largest position. GDS Wealth Management’s holdings in iShares U.S. Financials ETF were worth $12,873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Apeiron RIA LLC increased its holdings in iShares U.S. Financials ETF by 11.4% in the fourth quarter. Apeiron RIA LLC now owns 3,367 shares of the company’s stock worth $288,000 after buying an additional 344 shares during the last quarter. Brookstone Capital Management acquired a new position in shares of iShares U.S. Financials ETF during the 4th quarter worth $552,000. Bare Financial Services Inc bought a new position in shares of iShares U.S. Financials ETF during the 4th quarter valued at $59,000. Delta Financial Group Inc. lifted its stake in shares of iShares U.S. Financials ETF by 4.4% in the 4th quarter. Delta Financial Group Inc. now owns 4,746 shares of the company’s stock valued at $405,000 after purchasing an additional 198 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of iShares U.S. Financials ETF in the 3rd quarter valued at $221,000.

iShares U.S. Financials ETF Trading Up 0.9 %

iShares U.S. Financials ETF stock traded up $0.80 during mid-day trading on Thursday, hitting $94.86. 111,372 shares of the company’s stock were exchanged, compared to its average volume of 153,934. iShares U.S. Financials ETF has a 1-year low of $69.58 and a 1-year high of $95.88. The stock has a 50 day moving average of $92.79 and a two-hundred day moving average of $86.38. The stock has a market cap of $2.63 billion, a P/E ratio of 16.14 and a beta of 0.84.

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.