Cambridge Investment Research Advisors Inc. lowered its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report) by 12.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 65,265 shares of the company’s stock after selling 9,550 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.26% of iShares U.S. Financials ETF worth $4,869,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the business. WealthPLAN Partners LLC bought a new stake in shares of iShares U.S. Financials ETF in the 1st quarter valued at about $29,000. Kalos Management Inc. purchased a new position in shares of iShares U.S. Financials ETF in the fourth quarter worth $32,000. Compass Wealth Management LLC bought a new stake in iShares U.S. Financials ETF during the 4th quarter valued at $87,000. Patriot Investment Management Group Inc. purchased a new stake in iShares U.S. Financials ETF during the 4th quarter valued at $106,000. Finally, EP Wealth Advisors LLC bought a new stake in iShares U.S. Financials ETF in the 1st quarter worth $142,000.
iShares U.S. Financials ETF Trading Up 0.3 %
Shares of NYSEARCA:IYF opened at $76.30 on Tuesday. The company has a 50-day moving average price of $77.61 and a 200-day moving average price of $74.03. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 9.21 and a beta of 1.03. iShares U.S. Financials ETF has a 12 month low of $66.04 and a 12 month high of $82.30.
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.
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