HCR Wealth Advisors Cuts Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

HCR Wealth Advisors lowered its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,851 shares of the company’s stock after selling 273 shares during the period. HCR Wealth Advisors’ holdings in iShares U.S. Financials ETF were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company acquired a new stake in shares of iShares U.S. Financials ETF during the 2nd quarter valued at approximately $56,608,000. Bank of Montreal Can grew its stake in iShares U.S. Financials ETF by 705.1% in the 3rd 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. Apollon Wealth Management LLC increased its holdings in iShares U.S. Financials ETF by 1,161.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 124,235 shares of the company’s stock valued at $12,908,000 after acquiring an additional 114,383 shares in the last quarter. International Assets Investment Management LLC raised 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 worth $10,451,000 after acquiring an additional 99,616 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in shares of iShares U.S. Financials ETF in the third quarter valued at about $9,741,000.

iShares U.S. Financials ETF Price Performance

IYF stock opened at $113.84 on Thursday. The company’s 50 day simple moving average is $113.79 and its 200-day simple moving average is $106.22. iShares U.S. Financials ETF has a 12 month low of $83.28 and a 12 month high of $119.90. The firm has a market capitalization of $3.16 billion, a PE ratio of 16.14 and a beta of 0.84.

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.