Capital Wealth Alliance LLC Reduces Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Capital Wealth Alliance LLC lowered its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,840 shares of the company’s stock after selling 145 shares during the quarter. Capital Wealth Alliance LLC’s holdings in iShares U.S. Financials ETF were worth $503,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IYF. GPS Wealth Strategies Group LLC grew its holdings in shares of iShares U.S. Financials ETF by 436.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 268 shares of the company’s stock valued at $25,000 after purchasing an additional 218 shares during the period. Rothschild Investment LLC purchased a new stake in shares of iShares U.S. Financials ETF in the second quarter valued at about $25,000. Bogart Wealth LLC grew its holdings in shares of iShares U.S. Financials ETF by 34.2% in the third quarter. Bogart Wealth LLC now owns 416 shares of the company’s stock valued at $43,000 after purchasing an additional 106 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares U.S. Financials ETF in the second quarter valued at about $57,000. Finally, Concourse Financial Group Securities Inc. grew its holdings in shares of iShares U.S. Financials ETF by 26.5% in the third quarter. Concourse Financial Group Securities Inc. now owns 879 shares of the company’s stock valued at $91,000 after purchasing an additional 184 shares during the period.

iShares U.S. Financials ETF Price Performance

Shares of IYF traded down $0.47 during mid-day trading on Monday, reaching $106.15. The stock had a trading volume of 16,749 shares, compared to its average volume of 199,204. iShares U.S. Financials ETF has a 52-week low of $75.12 and a 52-week high of $110.10. The business’s fifty day moving average is $104.83 and its 200 day moving average is $99.04. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84.

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.