PNC Financial Services Group Inc. Cuts Stock Holdings in iShares U.S. Financials ETF $IYF

PNC Financial Services Group Inc. cut its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 3.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,713 shares of the company’s stock after selling 876 shares during the period. PNC Financial Services Group Inc. owned 0.07% of iShares U.S. Financials ETF worth $2,990,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rise Advisors LLC raised its position in shares of iShares U.S. Financials ETF by 60.4% in the second quarter. Rise Advisors LLC now owns 364 shares of the company’s stock worth $44,000 after acquiring an additional 137 shares during the period. Assetmark Inc. acquired a new stake in shares of iShares U.S. Financials ETF during the 2nd quarter valued at about $63,000. Private Trust Co. NA increased its stake in shares of iShares U.S. Financials ETF by 106.7% in the 2nd quarter. Private Trust Co. NA now owns 705 shares of the company’s stock valued at $85,000 after purchasing an additional 364 shares in the last quarter. Picton Mahoney Asset Management raised its holdings in iShares U.S. Financials ETF by 11.1% in the 1st quarter. Picton Mahoney Asset Management now owns 1,000 shares of the company’s stock worth $113,000 after purchasing an additional 100 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new position in iShares U.S. Financials ETF during the second quarter worth approximately $132,000.

iShares U.S. Financials ETF Trading Up 0.1%

Shares of IYF opened at $121.43 on Wednesday. The firm has a market cap of $4.03 billion, a P/E ratio of 16.42 and a beta of 1.02. iShares U.S. Financials ETF has a 12 month low of $95.34 and a 12 month high of $128.07. The stock’s 50 day moving average is $124.30 and its two-hundred day moving average is $121.40.

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.