Envestnet Asset Management Inc. Increases Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

Envestnet Asset Management Inc. increased its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 24.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,524 shares of the company’s stock after purchasing an additional 19,118 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.35% of iShares U.S. Financials ETF worth $9,128,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new position in shares of iShares U.S. Financials ETF during the second quarter valued at about $25,000. GPS Wealth Strategies Group LLC boosted its stake in 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 buying an additional 218 shares during the last quarter. Global Trust Asset Management LLC grew its holdings in iShares U.S. Financials ETF by 81.1% during the 1st quarter. Global Trust Asset Management LLC now owns 335 shares of the company’s stock valued at $32,000 after buying an additional 150 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in iShares U.S. Financials ETF in the 2nd quarter worth approximately $57,000. Finally, Angeles Wealth Management LLC purchased a new stake in shares of iShares U.S. Financials ETF during the 4th quarter worth approximately $78,000.

iShares U.S. Financials ETF Stock Performance

Shares of IYF opened at $103.47 on Friday. iShares U.S. Financials ETF has a fifty-two week low of $70.45 and a fifty-two week high of $105.20. The company’s fifty day moving average is $101.02 and its 200 day moving average is $96.56. The stock has a market capitalization of $2.87 billion, a PE 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.