Bogart Wealth LLC Expands Investment in iShares U.S. Financials ETF

Bogart Wealth LLC has increased its stake in the iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report) by 34.2% during the third quarter, as revealed in its latest filing with the Securities and Exchange Commission (SEC). Following the purchase of an additional 106 shares, the firm now holds 416 shares in total. The value of Bogart Wealth LLC's holdings in the iShares U.S. Financials ETF stands at approximately $43,000 based on the most recent SEC disclosure.

Other institutional investors have also adjusted their positions in the iShares U.S. Financials ETF. For instance, Park Avenue Securities LLC entered a new investment in the fund during the first quarter, valued at about $214,000. Brookstone Capital Management notably increased its stake by 812.2% during the same quarter, acquiring an extra 52,490 shares, resulting in a total holding of 58,953 shares worth approximately $5,639,000. Similarly, Wealthcare Advisory Partners LLC boosted its investment by 30.6%, now owning 5,857 shares valued at $560,000 after an additional purchase of 1,371 shares. SeaCrest Wealth Management LLC also established a new position in the ETF with a value around $209,000 in the first quarter. Lastly, Wealthstar Advisors LLC increased its stake by 22.2%, holding 21,037 shares valued at $2,012,000 following their acquisition of 3,825 shares.

Recent Trading Activity for iShares U.S. Financials ETF

On Friday, shares of the iShares U.S. Financials ETF opened at $108.63. The ETF has a 50-day simple moving average of $103.88 and a 200-day simple moving average of $98.20. Its market capitalization is reported at $3.01 billion, featuring a price-to-earnings (P/E) ratio of 16.14 and a beta of 0.84. Over the past twelve months, the ETF reached a low of $70.45 and a peak of $110.10.

Overview of iShares U.S. Financials ETF

The iShares U.S. Financials ETF, formerly known as the iShares Dow Jones U.S. Financial Sector Index Fund, aims to replicate the price and yield performance of the Dow Jones U.S. Financials Index. This index tracks the financial sector of the U.S. equity market, encompassing a variety of companies in industries such as banks, non-life insurance, life insurance, real estate, and general finance.

investment, ETF, financials