iShares U.S. Financials ETF (NYSEARCA:IYF) Position Lowered by Private Advisor Group LLC

Private Advisor Group LLC reduced its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 22.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 29,060 shares of the company’s stock after selling 8,310 shares during the period. Private Advisor Group LLC’s holdings in iShares U.S. Financials ETF were worth $3,213,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IYF. Kestra Investment Management LLC acquired a new position in shares of iShares U.S. Financials ETF in the 4th quarter worth approximately $34,000. Newbridge Financial Services Group Inc. acquired a new position in iShares U.S. Financials ETF in the fourth quarter worth $37,000. Stonebridge Financial Group LLC acquired a new position in iShares U.S. Financials ETF in the fourth quarter worth $37,000. Arlington Trust Co LLC bought a new stake in iShares U.S. Financials ETF during the fourth quarter valued at $41,000. Finally, Financial Life Planners acquired a new stake in iShares U.S. Financials ETF during the fourth quarter worth about $42,000.

iShares U.S. Financials ETF Trading Down 1.6 %

NYSEARCA:IYF opened at $115.44 on Monday. The stock has a 50 day moving average of $114.56 and a 200-day moving average of $110.05. The firm has a market capitalization of $3.20 billion, a PE ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a 52 week low of $89.10 and a 52 week high of $119.90.

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.