Northwestern Mutual Wealth Management Co. Grows Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 671,476 shares of the company’s stock after purchasing an additional 849 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 2.42% of iShares U.S. Financials ETF worth $63,502,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company purchased a new stake in shares of iShares U.S. Financials ETF during the second quarter worth about $56,608,000. Daymark Wealth Partners LLC purchased a new position in iShares U.S. Financials ETF during the 2nd quarter valued at approximately $202,000. Harmony Asset Management LLC grew its holdings in iShares U.S. Financials ETF by 2.6% during the 2nd quarter. Harmony Asset Management LLC now owns 17,524 shares of the company’s stock valued at $1,657,000 after buying an additional 442 shares in the last quarter. Summit Trail Advisors LLC grew its holdings in iShares U.S. Financials ETF by 15.4% during the 2nd quarter. Summit Trail Advisors LLC now owns 3,618 shares of the company’s stock valued at $342,000 after buying an additional 484 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in iShares U.S. Financials ETF by 1.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 108,016 shares of the company’s stock valued at $10,215,000 after buying an additional 1,988 shares in the last quarter.

iShares U.S. Financials ETF Price Performance

NYSEARCA IYF opened at $103.47 on Monday. The stock has a market capitalization of $2.87 billion, a PE ratio of 16.14 and a beta of 0.84. The business has a 50 day simple moving average of $101.10 and a two-hundred day simple moving average of $96.69. iShares U.S. Financials ETF has a 1-year low of $70.45 and a 1-year 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.