Tidemark LLC Acquires New Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Tidemark LLC bought a new position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,440 shares of the company’s stock, valued at approximately $159,000.

Other hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management bought a new position in iShares U.S. Financials ETF during the fourth quarter worth $100,000. May Barnhard Investments LLC acquired a new stake in shares of iShares U.S. Financials ETF during the fourth quarter worth $688,000. Commonwealth Equity Services LLC lifted its position in shares of iShares U.S. Financials ETF by 95.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 241,559 shares of the company’s stock worth $26,712,000 after buying an additional 118,180 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of iShares U.S. Financials ETF by 27.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 5,847 shares of the company’s stock valued at $647,000 after buying an additional 1,275 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of iShares U.S. Financials ETF during the 4th quarter valued at about $255,000.

iShares U.S. Financials ETF Stock Up 2.5 %

Shares of NYSEARCA IYF opened at $110.38 on Friday. The firm’s 50-day moving average price is $115.07 and its two-hundred day moving average price is $111.32. iShares U.S. Financials ETF has a 52-week low of $89.10 and a 52-week high of $119.90. The stock has a market capitalization of $3.58 billion, a P/E ratio of 15.00 and a beta of 1.08.

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.