EWG Elevate Inc. Makes New $3.84 Million Investment in iShares U.S. Financials ETF (NYSEARCA:IYF)

EWG Elevate Inc. acquired a new position in iShares U.S. Financials ETF (NYSEARCA:IYFFree Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 40,183 shares of the company’s stock, valued at approximately $3,843,000. iShares U.S. Financials ETF comprises approximately 1.5% of EWG Elevate Inc.’s investment portfolio, making the stock its 25th largest holding. EWG Elevate Inc. owned about 0.17% of iShares U.S. Financials ETF at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Larson Financial Group LLC increased 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 worth $207,000 after acquiring an additional 121 shares during the period. CWM LLC increased its position in iShares U.S. Financials ETF by 5.0% during the first quarter. CWM LLC now owns 4,030 shares of the company’s stock worth $385,000 after acquiring an additional 192 shares during the period. Delta Financial Group Inc. increased its position in iShares U.S. Financials ETF by 4.4% during the fourth quarter. Delta Financial Group Inc. now owns 4,746 shares of the company’s stock worth $405,000 after acquiring an additional 198 shares during the period. Newbridge Financial Services Group Inc. increased its position in iShares U.S. Financials ETF by 11.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,986 shares of the company’s stock worth $170,000 after acquiring an additional 202 shares during the period. Finally, Chesapeake Wealth Management increased its position in iShares U.S. Financials ETF by 2.2% during the third quarter. Chesapeake Wealth Management now owns 12,064 shares of the company’s stock worth $902,000 after acquiring an additional 258 shares during the period.

iShares U.S. Financials ETF Price Performance

IYF stock traded up $0.45 on Thursday, reaching $94.41. 126,584 shares of the company were exchanged, compared to its average volume of 149,467. The firm has a market capitalization of $2.62 billion, a PE ratio of 16.14 and a beta of 0.84. The stock’s fifty day moving average price is $93.54 and its 200 day moving average price is $90.18. iShares U.S. Financials ETF has a 12 month low of $70.45 and a 12 month high of $96.85.

About iShares U.S. Financials ETF

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for iShares U.S. Financials ETF (NYSEARCA:IYF)

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