Sagespring Wealth Partners LLC Makes New $26.77 Million Investment in iShares U.S. Financials ETF $IYF

Sagespring Wealth Partners LLC purchased a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 221,240 shares of the company’s stock, valued at approximately $26,768,000. Sagespring Wealth Partners LLC owned about 0.65% of iShares U.S. Financials ETF as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in iShares U.S. Financials ETF by 1,366.8% during the first quarter. The Manufacturers Life Insurance Company now owns 1,498,231 shares of the company’s stock worth $169,075,000 after purchasing an additional 1,396,090 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in iShares U.S. Financials ETF by 12.7% during the first quarter. Goldman Sachs Group Inc. now owns 929,654 shares of the company’s stock worth $104,911,000 after purchasing an additional 105,022 shares during the last quarter. LPL Financial LLC lifted its stake in iShares U.S. Financials ETF by 9.5% during the first quarter. LPL Financial LLC now owns 742,926 shares of the company’s stock worth $83,839,000 after purchasing an additional 64,448 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in iShares U.S. Financials ETF by 7.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 688,878 shares of the company’s stock worth $77,740,000 after purchasing an additional 45,100 shares during the last quarter. Finally, PGIM Custom Harvest LLC lifted its stake in iShares U.S. Financials ETF by 27.0% during the first quarter. PGIM Custom Harvest LLC now owns 648,435 shares of the company’s stock worth $73,176,000 after purchasing an additional 137,864 shares during the last quarter.

iShares U.S. Financials ETF Stock Up 1.1%

Shares of IYF stock opened at $123.20 on Tuesday. iShares U.S. Financials ETF has a 12-month low of $95.34 and a 12-month high of $128.07. The business has a 50-day moving average price of $124.64 and a two-hundred day moving average price of $118.37. The firm has a market cap of $4.11 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.