Somerset Group LLC Sells 132 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

Somerset Group LLC lowered its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,848 shares of the company’s stock after selling 132 shares during the period. iShares U.S. Financials ETF accounts for about 2.3% of Somerset Group LLC’s investment portfolio, making the stock its 15th largest position. Somerset Group LLC owned about 0.08% of iShares U.S. Financials ETF worth $2,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Trust Co. NA increased its position in iShares U.S. Financials ETF by 50.5% in the fourth quarter. Private Trust Co. NA now owns 301 shares of the company’s stock worth $33,000 after purchasing an additional 101 shares during the last quarter. Kestra Investment Management LLC bought a new stake in iShares U.S. Financials ETF in the fourth quarter worth $34,000. Newbridge Financial Services Group Inc. bought a new stake in iShares U.S. Financials ETF in the fourth quarter worth $37,000. Stonebridge Financial Group LLC bought a new stake in iShares U.S. Financials ETF in the fourth quarter worth $37,000. Finally, Lee Danner & Bass Inc. bought a new stake in iShares U.S. Financials ETF in the fourth quarter worth $39,000.

iShares U.S. Financials ETF Stock Down 0.3 %

NYSEARCA IYF opened at $112.23 on Friday. The company has a fifty day moving average of $115.21 and a two-hundred day moving average of $111.59. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 15.00 and a beta of 1.08. iShares U.S. Financials ETF has a 52 week low of $89.10 and a 52 week high of $119.90.

iShares U.S. Financials ETF 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.