Virtue Capital Management LLC Cuts Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Virtue Capital Management LLC lessened its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,731 shares of the company’s stock after selling 172 shares during the period. Virtue Capital Management LLC’s holdings in iShares U.S. Financials ETF were worth $1,011,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IYF. The Manufacturers Life Insurance Company purchased a new position in shares of iShares U.S. Financials ETF in the 2nd quarter valued at $56,608,000. Bank of Montreal Can grew its holdings in iShares U.S. Financials ETF by 705.1% during the 3rd quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock valued at $44,658,000 after purchasing an additional 377,999 shares in the last quarter. Wulff Hansen & CO. grew its holdings in iShares U.S. Financials ETF by 9,357.0% during the 2nd quarter. Wulff Hansen & CO. now owns 262,432 shares of the company’s stock valued at $24,818,000 after purchasing an additional 259,657 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in iShares U.S. Financials ETF by 1,161.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 124,235 shares of the company’s stock valued at $12,908,000 after purchasing an additional 114,383 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in iShares U.S. Financials ETF by 10,290.9% during the 3rd quarter. International Assets Investment Management LLC now owns 100,584 shares of the company’s stock valued at $10,451,000 after purchasing an additional 99,616 shares in the last quarter.

iShares U.S. Financials ETF Trading Down 0.3 %

IYF opened at $114.69 on Wednesday. The company has a fifty day simple moving average of $111.30 and a 200 day simple moving average of $103.03. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a twelve month low of $81.59 and a twelve month high of $119.90.

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.