Spire Wealth Management Purchases 14,408 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

Spire Wealth Management increased its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 1,693.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,259 shares of the company’s stock after acquiring an additional 14,408 shares during the period. Spire Wealth Management’s holdings in iShares U.S. Financials ETF were worth $1,687,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of iShares U.S. Financials ETF in the 3rd quarter valued at about $41,000. Bogart Wealth LLC raised its stake in iShares U.S. Financials ETF by 34.2% during the 3rd quarter. Bogart Wealth LLC now owns 416 shares of the company’s stock worth $43,000 after buying an additional 106 shares during the period. Anchor Investment Management LLC raised its stake in iShares U.S. Financials ETF by 320.0% during the 3rd quarter. Anchor Investment Management LLC now owns 693 shares of the company’s stock worth $72,000 after buying an additional 528 shares during the period. Concourse Financial Group Securities Inc. raised its stake in shares of iShares U.S. Financials ETF by 26.5% in the third quarter. Concourse Financial Group Securities Inc. now owns 879 shares of the company’s stock worth $91,000 after purchasing an additional 184 shares during the last quarter. Finally, Christopher J. Hasenberg Inc purchased a new stake in shares of iShares U.S. Financials ETF in the fourth quarter worth approximately $130,000.

iShares U.S. Financials ETF Trading Down 0.8 %

Shares of IYF opened at $117.12 on Tuesday. The stock has a 50 day moving average of $114.23 and a 200 day moving average of $108.03. iShares U.S. Financials ETF has a 12 month low of $86.21 and a 12 month high of $119.90. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84.

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.