Apollon Wealth Management LLC Lowers Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

Apollon Wealth Management LLC reduced its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 2.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 121,739 shares of the company’s stock after selling 2,496 shares during the period. Apollon Wealth Management LLC’s holdings in iShares U.S. Financials ETF were worth $13,462,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of IYF. Renaissance Technologies LLC purchased a new stake in iShares U.S. Financials ETF during the 2nd quarter worth approximately $236,000. Truist Financial Corp grew its position in iShares U.S. Financials ETF by 8.8% in the 2nd quarter. Truist Financial Corp now owns 27,736 shares of the company’s stock worth $2,623,000 after purchasing an additional 2,252 shares during the last quarter. Watts Gwilliam & Co. LLC acquired a new stake in iShares U.S. Financials ETF in the 3rd quarter valued at approximately $709,000. Valeo Financial Advisors LLC acquired a new stake in iShares U.S. Financials ETF in the third quarter worth about $386,000. Finally, HCR Wealth Advisors raised its holdings in iShares U.S. Financials ETF by 5.0% during the third quarter. HCR Wealth Advisors now owns 4,124 shares of the company’s stock worth $429,000 after purchasing an additional 195 shares in the last quarter.

iShares U.S. Financials ETF Stock Performance

Shares of NYSEARCA:IYF opened at $118.67 on Friday. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. The company has a 50 day moving average price of $114.15 and a 200 day moving average price of $108.42. iShares U.S. Financials ETF has a 1-year low of $86.24 and a 1-year high of $119.90.

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.