GDS Wealth Management Cuts Stock Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

GDS Wealth Management lowered its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,757 shares of the company’s stock after selling 537 shares during the quarter. iShares U.S. Financials ETF accounts for 1.5% of GDS Wealth Management’s investment portfolio, making the stock its 29th largest holding. GDS Wealth Management’s holdings in iShares U.S. Financials ETF were worth $13,973,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of IYF. Renaissance Technologies LLC purchased a new stake in shares of iShares U.S. Financials ETF in the second quarter valued at about $236,000. Wulff Hansen & CO. boosted 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 worth $24,818,000 after purchasing an additional 259,657 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in iShares U.S. Financials ETF by 4.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 14,495 shares of the company’s stock valued at $1,371,000 after purchasing an additional 632 shares during the period. Envestnet Asset Management Inc. increased its position in shares of iShares U.S. Financials ETF by 24.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 96,524 shares of the company’s stock valued at $9,128,000 after purchasing an additional 19,118 shares during the last quarter. Finally, Pinkerton Retirement Specialists LLC raised its stake in shares of iShares U.S. Financials ETF by 29.0% during the 2nd quarter. Pinkerton Retirement Specialists LLC now owns 94,171 shares of the company’s stock worth $8,906,000 after purchasing an additional 21,157 shares during the period.

iShares U.S. Financials ETF Stock Performance

NYSEARCA IYF opened at $102.80 on Tuesday. The company has a market capitalization of $2.85 billion, a PE ratio of 16.14 and a beta of 0.84. 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 50-day simple moving average of $100.23 and a 200 day simple moving average of $95.95.

iShares U.S. Financials ETF Company 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.