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

Private Advisor Group LLC reduced its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 22.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,060 shares of the company’s stock after selling 8,310 shares during the period. Private Advisor Group LLC owned 0.10% of iShares U.S. Financials ETF worth $3,213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IYF. Global Retirement Partners LLC lifted its stake in shares of iShares U.S. Financials ETF by 26.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,460 shares of the company’s stock valued at $161,000 after buying an additional 302 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in iShares U.S. Financials ETF in the 4th quarter valued at $671,000. Kestra Investment Management LLC purchased a new position in shares of iShares U.S. Financials ETF during the 4th quarter worth $34,000. Atria Wealth Solutions Inc. acquired a new stake in shares of iShares U.S. Financials ETF during the fourth quarter worth $210,000. Finally, D.A. Davidson & CO. grew its position in shares of iShares U.S. Financials ETF by 15.2% in the fourth quarter. D.A. Davidson & CO. now owns 4,554 shares of the company’s stock valued at $504,000 after purchasing an additional 601 shares during the period.

iShares U.S. Financials ETF Trading Down 1.6 %

iShares U.S. Financials ETF stock opened at $115.44 on Monday. The stock has a fifty day moving average price of $114.56 and a 200 day moving average price of $110.05. iShares U.S. Financials ETF has a 52 week low of $89.10 and a 52 week high of $119.90. The firm has a market capitalization of $3.20 billion, a P/E ratio of 16.14 and a beta of 0.84.

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.