Watts Gwilliam & Co. LLC Buys Shares of 6,818 iShares U.S. Financials ETF (NYSEARCA:IYF)

Watts Gwilliam & Co. LLC bought a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,818 shares of the company’s stock, valued at approximately $709,000.

A number of other hedge funds have also made changes to their positions in the stock. Rothschild Investment LLC purchased a new stake in iShares U.S. Financials ETF in the 2nd quarter worth approximately $25,000. 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 worth $25,000 after acquiring an additional 218 shares in the last quarter. Global Trust Asset Management LLC boosted its position in 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 purchasing an additional 150 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in iShares U.S. Financials ETF in the 2nd quarter worth about $57,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of iShares U.S. Financials ETF during the 2nd quarter worth about $92,000.

iShares U.S. Financials ETF Price Performance

Shares of iShares U.S. Financials ETF stock opened at $104.56 on Friday. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. The stock has a 50-day simple moving average of $101.62 and a 200-day simple moving average of $97.26. iShares U.S. Financials ETF has a 52-week low of $70.45 and a 52-week high of $105.20.

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.