Lifestyle Asset Management Inc. Boosts Stake in iShares U.S. Financials ETF $IYF

Lifestyle Asset Management Inc. increased its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 128.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,797 shares of the company’s stock after purchasing an additional 10,561 shares during the period. iShares U.S. Financials ETF accounts for 0.8% of Lifestyle Asset Management Inc.’s portfolio, making the stock its 28th biggest position. Lifestyle Asset Management Inc.’s holdings in iShares U.S. Financials ETF were worth $2,380,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC grew its position in shares of iShares U.S. Financials ETF by 60.4% in the 2nd quarter. Rise Advisors LLC now owns 364 shares of the company’s stock worth $44,000 after buying an additional 137 shares during the period. Newbridge Financial Services Group Inc. grew its holdings in iShares U.S. Financials ETF by 39.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 465 shares of the company’s stock worth $56,000 after purchasing an additional 131 shares during the period. Assetmark Inc. purchased a new stake in iShares U.S. Financials ETF in the second quarter worth about $63,000. Private Trust Co. NA increased its stake in shares of 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 valued at $85,000 after purchasing an additional 364 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of iShares U.S. Financials ETF during the second quarter valued at approximately $132,000.

iShares U.S. Financials ETF Stock Up 0.6%

Shares of IYF opened at $128.72 on Friday. The stock has a market cap of $4.27 billion, a P/E ratio of 16.42 and a beta of 1.02. The business’s 50 day moving average price is $124.45 and its 200-day moving average price is $123.05. iShares U.S. Financials ETF has a 52 week low of $95.34 and a 52 week high of $130.50.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.