GDS Wealth Management Has $12.87 Million Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

GDS Wealth Management decreased its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 150,722 shares of the company’s stock after selling 763 shares during the quarter. iShares U.S. Financials ETF makes up about 1.7% of GDS Wealth Management’s investment portfolio, making the stock its 20th largest position. GDS Wealth Management owned approximately 0.62% of iShares U.S. Financials ETF worth $12,873,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in IYF. Larson Financial Group LLC boosted its position in iShares U.S. Financials ETF by 5.2% during the fourth quarter. Larson Financial Group LLC now owns 2,429 shares of the company’s stock valued at $207,000 after purchasing an additional 121 shares during the last quarter. HF Advisory Group LLC increased its position in iShares U.S. Financials ETF by 3.3% during the 3rd quarter. HF Advisory Group LLC now owns 4,654 shares of the company’s stock valued at $355,000 after purchasing an additional 148 shares during the period. Valmark Advisers Inc. grew its position in shares of iShares U.S. Financials ETF by 5.8% during the 3rd quarter. Valmark Advisers Inc. now owns 3,189 shares of the company’s stock worth $238,000 after buying an additional 175 shares during the period. Delta Financial Group Inc. lifted its holdings in shares of iShares U.S. Financials ETF by 4.4% in the 4th quarter. Delta Financial Group Inc. now owns 4,746 shares of the company’s stock worth $405,000 after purchasing an additional 198 shares in the last quarter. Finally, Chesapeake Wealth Management lifted its stake in iShares U.S. Financials ETF by 2.2% during the 3rd quarter. Chesapeake Wealth Management now owns 12,064 shares of the company’s stock valued at $902,000 after acquiring an additional 258 shares in the last quarter.

iShares U.S. Financials ETF Price Performance

Shares of NYSEARCA IYF traded up $0.80 during mid-day trading on Thursday, reaching $94.86. 111,372 shares of the company’s stock were exchanged, compared to its average volume of 153,934. The firm has a 50-day moving average price of $92.79 and a two-hundred day moving average price of $86.38. iShares U.S. Financials ETF has a 52 week low of $69.58 and a 52 week high of $95.88. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84.

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.