Allstate Corp Has $1.12 Million Holdings in iShares U.S. Financials ETF $IYF

Allstate Corp cut its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 50.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,650 shares of the company’s stock after selling 8,893 shares during the quarter. Allstate Corp’s holdings in iShares U.S. Financials ETF were worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC bought a new position in iShares U.S. Financials ETF during the 1st quarter valued at about $426,000. Integrated Wealth Concepts LLC raised its stake in shares of iShares U.S. Financials ETF by 45.7% in the first quarter. Integrated Wealth Concepts LLC now owns 4,282 shares of the company’s stock worth $483,000 after acquiring an additional 1,343 shares during the last quarter. Jane Street Group LLC bought a new position in shares of iShares U.S. Financials ETF in the first quarter worth about $247,000. Focus Partners Wealth raised its stake in shares of iShares U.S. Financials ETF by 8.6% in the first quarter. Focus Partners Wealth now owns 2,093 shares of the company’s stock worth $236,000 after acquiring an additional 165 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of iShares U.S. Financials ETF by 33.7% in the second quarter. First Trust Advisors LP now owns 2,557 shares of the company’s stock worth $309,000 after acquiring an additional 645 shares during the last quarter.

iShares U.S. Financials ETF Trading Up 0.6%

Shares of NYSEARCA IYF opened at $122.86 on Friday. iShares U.S. Financials ETF has a 1-year low of $113.62 and a 1-year high of $133.54. The company has a market cap of $3.37 billion, a PE ratio of 16.42 and a beta of 0.92. The company has a 50-day moving average of $121.67 and a two-hundred day moving average of $124.46.

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.