Watts Gwilliam & Co. LLC Decreases Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

Watts Gwilliam & Co. LLC lessened its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,426 shares of the company’s stock after selling 392 shares during the period. Watts Gwilliam & Co. LLC’s holdings in iShares U.S. Financials ETF were worth $713,000 at the end of the most recent reporting period.

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

iShares U.S. Financials ETF Stock Performance

Shares of IYF stock opened at $111.28 on Friday. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a 52 week low of $83.28 and a 52 week high of $119.90. The firm’s 50-day simple moving average is $113.61 and its two-hundred day simple moving average is $105.74.

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.