Somerset Group LLC Has $2.18 Million Stock Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

Somerset Group LLC raised its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,995 shares of the company’s stock after buying an additional 114 shares during the quarter. iShares U.S. Financials ETF comprises about 1.9% of Somerset Group LLC’s portfolio, making the stock its 16th largest position. Somerset Group LLC owned about 0.08% of iShares U.S. Financials ETF worth $2,175,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IYF. Wulff Hansen & CO. grew its position in iShares U.S. Financials ETF by 9,357.0% in the second quarter. Wulff Hansen & CO. now owns 262,432 shares of the company’s stock valued at $24,818,000 after acquiring an additional 259,657 shares during the last quarter. Cetera Investment Advisers increased its position in iShares U.S. Financials ETF by 1,043.8% during the 1st quarter. Cetera Investment Advisers now owns 124,382 shares of the company’s stock worth $11,897,000 after purchasing an additional 113,508 shares in the last quarter. Osaic Holdings Inc. lifted its stake in iShares U.S. Financials ETF by 133.1% in the 1st quarter. Osaic Holdings Inc. now owns 186,794 shares of the company’s stock valued at $17,879,000 after purchasing an additional 106,650 shares during the last quarter. LPL Financial LLC boosted its position in iShares U.S. Financials ETF by 21.0% in the second quarter. LPL Financial LLC now owns 475,892 shares of the company’s stock valued at $45,005,000 after buying an additional 82,599 shares in the last quarter. Finally, Connectus Wealth LLC bought a new stake in shares of iShares U.S. Financials ETF during the fourth quarter worth $7,026,000.

iShares U.S. Financials ETF Stock Performance

Shares of NYSEARCA:IYF opened at $103.11 on Thursday. iShares U.S. Financials ETF has a 52-week low of $70.45 and a 52-week high of $105.20. The company has a market capitalization of $2.86 billion, a PE ratio of 16.14 and a beta of 0.84. The company has a fifty day moving average of $100.51 and a 200-day moving average of $96.09.

About iShares U.S. Financials ETF

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.