Clal Insurance Enterprises Holdings Ltd Trims Stake in iShares U.S. Financials ETF $IYF

Clal Insurance Enterprises Holdings Ltd cut its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 50.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,000 shares of the company’s stock after selling 5,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in iShares U.S. Financials ETF were worth $605,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Rise Advisors LLC increased its position in 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 buying an additional 137 shares in the last quarter. Assetmark Inc. purchased a new stake in iShares U.S. Financials ETF in the 2nd quarter worth approximately $63,000. Private Trust Co. NA increased its holdings in 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 worth $85,000 after acquiring an additional 364 shares in the last quarter. Picton Mahoney Asset Management raised its stake in iShares U.S. Financials ETF by 11.1% during the 1st quarter. Picton Mahoney Asset Management now owns 1,000 shares of the company’s stock worth $113,000 after acquiring 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 valued at approximately $132,000.

iShares U.S. Financials ETF Price Performance

IYF opened at $121.43 on Wednesday. The company has a 50 day simple moving average of $124.30 and a two-hundred day simple moving average of $121.40. 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 1-year low of $95.34 and a 1-year high of $128.07.

iShares U.S. Financials ETF Company 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.