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

Apollon Wealth Management LLC lessened its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 121,739 shares of the company’s stock after selling 2,496 shares during the quarter. Apollon Wealth Management LLC owned approximately 0.44% of iShares U.S. Financials ETF worth $13,462,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in iShares U.S. Financials ETF in the third quarter worth about $41,000. Financial Life Planners bought a new stake in iShares U.S. Financials ETF during the 4th quarter valued at $42,000. Bogart Wealth LLC raised its holdings in iShares U.S. Financials ETF by 34.2% in the third quarter. Bogart Wealth LLC now owns 416 shares of the company’s stock worth $43,000 after purchasing an additional 106 shares in the last quarter. Anchor Investment Management LLC grew its holdings in iShares U.S. Financials ETF by 320.0% in the third quarter. Anchor Investment Management LLC now owns 693 shares of the company’s stock worth $72,000 after purchasing an additional 528 shares during the last quarter. Finally, Concourse Financial Group Securities Inc. raised its stake in 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 buying an additional 184 shares during the last quarter.

iShares U.S. Financials ETF Stock Performance

Shares of IYF opened at $118.67 on Friday. The stock has a 50-day moving average of $114.15 and a two-hundred day moving average of $108.42. The stock has a market cap of $3.29 billion, a P/E ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a one year low of $86.24 and a one year high of $119.90.

iShares U.S. Financials ETF 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.