Nova Wealth Management Inc. Purchases 1,255 Shares of iShares U.S. Financials ETF $IYF

Nova Wealth Management Inc. lifted its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 17.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,395 shares of the company’s stock after purchasing an additional 1,255 shares during the period. Nova Wealth Management Inc.’s holdings in iShares U.S. Financials ETF were worth $1,016,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new position in iShares U.S. Financials ETF in the 1st quarter worth $34,000. Sound Income Strategies LLC bought a new position in iShares U.S. Financials ETF in the 1st quarter worth $34,000. Trust Co. of Vermont bought a new position in iShares U.S. Financials ETF in the 1st quarter worth $35,000. Golden State Wealth Management LLC raised its holdings in iShares U.S. Financials ETF by 69.0% in the 1st 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 period. Finally, Stonebridge Financial Group LLC raised its holdings in iShares U.S. Financials ETF by 50.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 508 shares of the company’s stock worth $57,000 after purchasing an additional 171 shares during the period.

iShares U.S. Financials ETF Stock Performance

Shares of iShares U.S. Financials ETF stock opened at $126.43 on Friday. iShares U.S. Financials ETF has a one year low of $95.34 and a one year high of $127.04. The stock’s fifty day moving average is $123.17 and its 200 day moving average is $116.42. The stock has a market cap of $4.34 billion, a P/E ratio of 16.42 and a beta of 1.03.

iShares U.S. Financials ETF 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.