Horizon Wealth Management LLC Takes Position in iShares U.S. Financials ETF $IYF

Horizon Wealth Management LLC acquired a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 110,892 shares of the company’s stock, valued at approximately $13,417,000. iShares U.S. Financials ETF comprises 2.4% of Horizon Wealth Management LLC’s holdings, making the stock its 14th largest position.

A number of other institutional investors have also modified their holdings of the company. Park Square Financial Group LLC acquired a new position in iShares U.S. Financials ETF during the first quarter worth approximately $34,000. Golden State Wealth Management LLC increased its position in iShares U.S. Financials ETF by 69.0% during the first quarter. Golden State Wealth Management LLC now owns 311 shares of the company’s stock worth $35,000 after purchasing an additional 127 shares during the last quarter. Rise Advisors LLC increased its position in iShares U.S. Financials ETF by 60.4% during the second quarter. Rise Advisors LLC now owns 364 shares of the company’s stock worth $44,000 after purchasing an additional 137 shares during the last quarter. Private Trust Co. NA increased its position in iShares U.S. Financials ETF by 106.7% during the second quarter. Private Trust Co. NA now owns 705 shares of the company’s stock worth $85,000 after purchasing an additional 364 shares during the last quarter. Finally, Picton Mahoney Asset Management increased its position in iShares U.S. Financials ETF by 11.1% during the first quarter. Picton Mahoney Asset Management now owns 1,000 shares of the company’s stock worth $113,000 after purchasing an additional 100 shares during the last quarter.

iShares U.S. Financials ETF Stock Performance

Shares of IYF stock opened at $121.69 on Thursday. iShares U.S. Financials ETF has a one year low of $95.34 and a one year high of $128.07. The company has a 50 day moving average price of $124.74 and a 200 day moving average price of $119.80. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 16.42 and a beta of 1.02.

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.