Syon Capital LLC Sells 9,362 Shares of iShares U.S. Financials ETF $IYF

Syon Capital LLC trimmed its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 28.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 23,258 shares of the company’s stock after selling 9,362 shares during the period. Syon Capital LLC’s holdings in iShares U.S. Financials ETF were worth $2,966,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Concurrent Investment Advisors LLC raised its stake in iShares U.S. Financials ETF by 33.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,536 shares of the company’s stock valued at $451,000 after acquiring an additional 883 shares during the period. Whitener Capital Management Inc. boosted its position in iShares U.S. Financials ETF by 3.6% during the second quarter. Whitener Capital Management Inc. now owns 6,136 shares of the company’s stock worth $782,000 after purchasing an additional 211 shares during the period. Kennicott Capital Management LLC boosted its position in iShares U.S. Financials ETF by 8.8% during the second quarter. Kennicott Capital Management LLC now owns 17,868 shares of the company’s stock worth $2,278,000 after purchasing an additional 1,440 shares during the period. Dagco Inc. boosted its position in iShares U.S. Financials ETF by 4.4% during the second quarter. Dagco Inc. now owns 3,340 shares of the company’s stock worth $426,000 after purchasing an additional 140 shares during the period. Finally, HF Advisory Group LLC increased its holdings in shares of iShares U.S. Financials ETF by 5.4% in the second quarter. HF Advisory Group LLC now owns 7,655 shares of the company’s stock valued at $976,000 after purchasing an additional 392 shares during the last quarter.

iShares U.S. Financials ETF Price Performance

Shares of IYF opened at $138.94 on Friday. The firm has a market capitalization of $4.68 billion, a PE ratio of 16.42 and a beta of 0.89. The company’s 50-day moving average is $134.82 and its 200-day moving average is $126.87. iShares U.S. Financials ETF has a fifty-two week low of $113.62 and a fifty-two week high of $139.09.

About iShares U.S. Financials ETF

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.