GDS Wealth Management Sells 537 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

GDS Wealth Management lessened its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 0.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 147,757 shares of the company’s stock after selling 537 shares during the period. iShares U.S. Financials ETF accounts for about 1.5% of GDS Wealth Management’s portfolio, making the stock its 29th largest position. GDS Wealth Management owned approximately 0.53% of iShares U.S. Financials ETF worth $13,973,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. GPS Wealth Strategies Group LLC raised its holdings in shares of iShares U.S. Financials ETF by 436.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 268 shares of the company’s stock valued at $25,000 after purchasing an additional 218 shares during the period. Rothschild Investment LLC acquired a new stake in iShares U.S. Financials ETF in the second quarter valued at approximately $25,000. Global Trust Asset Management LLC increased its holdings in shares of iShares U.S. Financials ETF by 81.1% during the first quarter. Global Trust Asset Management LLC now owns 335 shares of the company’s stock valued at $32,000 after acquiring an additional 150 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of iShares U.S. Financials ETF during the second quarter valued at approximately $57,000. Finally, Principal Securities Inc. acquired a new position in shares of iShares U.S. Financials ETF during the fourth quarter worth approximately $63,000.

iShares U.S. Financials ETF Trading Up 1.4 %

NYSEARCA IYF opened at $102.80 on Tuesday. The company has a market cap of $2.85 billion, a P/E ratio of 16.14 and a beta of 0.84. The company has a fifty day simple moving average of $100.23 and a 200 day simple moving average of $95.95. iShares U.S. Financials ETF has a 12-month low of $70.45 and a 12-month high of $105.20.

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.