NewEdge Advisors LLC Sells 32,149 Shares of iShares U.S. Financials ETF $IYF

NewEdge Advisors LLC lessened its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 73.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,882 shares of the company’s stock after selling 32,149 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $1,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. AQR Capital Management LLC purchased a new stake in shares of iShares U.S. Financials ETF in the 1st quarter worth $426,000. Integrated Wealth Concepts LLC lifted its position in iShares U.S. Financials ETF by 45.7% during the first quarter. Integrated Wealth Concepts LLC now owns 4,282 shares of the company’s stock valued at $483,000 after purchasing an additional 1,343 shares in the last quarter. Jane Street Group LLC bought a new stake in iShares U.S. Financials ETF during the first quarter valued at about $247,000. Focus Partners Wealth grew its holdings 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 purchasing an additional 165 shares during the period. Finally, First Trust Advisors LP grew its holdings in iShares U.S. Financials ETF by 33.7% during the second quarter. First Trust Advisors LP now owns 2,557 shares of the company’s stock valued at $309,000 after purchasing an additional 645 shares during the period.

iShares U.S. Financials ETF Price Performance

Shares of IYF opened at $138.29 on Monday. The business has a 50-day simple moving average of $132.20 and a two-hundred day simple moving average of $125.92. iShares U.S. Financials ETF has a 52 week low of $113.62 and a 52 week high of $138.79. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 16.42 and a beta of 0.89.

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