iShares U.S. Financials ETF $IYF Position Reduced by NewEdge Advisors LLC

NewEdge Advisors LLC decreased its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 78.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,512 shares of the company’s stock after selling 34,519 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $1,119,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. AQR Capital Management LLC purchased a new position in iShares U.S. Financials ETF in the 1st quarter worth about $426,000. Integrated Wealth Concepts LLC raised its holdings in iShares U.S. Financials ETF by 45.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,282 shares of the company’s stock worth $483,000 after buying an additional 1,343 shares during the period. Jane Street Group LLC purchased a new stake in iShares U.S. Financials ETF during the first quarter valued at about $247,000. Focus Partners Wealth lifted its stake in iShares U.S. Financials ETF by 8.6% during the first quarter. Focus Partners Wealth now owns 2,093 shares of the company’s stock valued at $236,000 after buying an additional 165 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of iShares U.S. Financials ETF by 33.7% in the second quarter. First Trust Advisors LP now owns 2,557 shares of the company’s stock worth $309,000 after buying an additional 645 shares during the period.

iShares U.S. Financials ETF Stock Performance

NYSEARCA IYF opened at $134.65 on Friday. iShares U.S. Financials ETF has a twelve month low of $113.62 and a twelve month high of $136.77. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 16.42 and a beta of 0.90. The firm’s 50 day moving average price is $129.38 and its two-hundred day moving average price is $125.34.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.