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

Virtue Capital Management LLC cut its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 1.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in iShares U.S. Financials ETF by 28.5% in the third quarter. The Manufacturers Life Insurance Company now owns 769,351 shares of the company’s stock valued at $79,936,000 after acquiring an additional 170,769 shares during the last quarter. LPL Financial LLC lifted its stake in iShares U.S. Financials ETF by 21.0% in the second quarter. LPL Financial LLC now owns 475,892 shares of the company’s stock valued at $45,005,000 after acquiring an additional 82,599 shares during the last quarter. Bank of Montreal Can lifted its stake in iShares U.S. Financials ETF by 705.1% in the third quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock valued at $44,658,000 after acquiring an additional 377,999 shares during the last quarter. Wulff Hansen & CO. lifted its stake in iShares U.S. Financials ETF by 9,357.0% in the second quarter. Wulff Hansen & CO. now owns 262,432 shares of the company’s stock valued at $24,818,000 after acquiring an additional 259,657 shares during the last quarter. Finally, Magnus Financial Group LLC lifted its stake in iShares U.S. Financials ETF by 2.6% in the third quarter. Magnus Financial Group LLC now owns 188,646 shares of the company’s stock valued at $19,600,000 after acquiring an additional 4,826 shares during the last quarter.

iShares U.S. Financials ETF Stock Down 0.3 %

NYSEARCA IYF opened at $114.69 on Wednesday. The stock has a market capitalization of $3.18 billion, a PE ratio of 16.14 and a beta of 0.84. The company has a 50 day moving average price of $111.30 and a two-hundred day moving average price of $103.03. iShares U.S. Financials ETF has a 12-month low of $81.59 and a 12-month high of $119.90.

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.