Rollins Financial Advisors LLC Trims Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Rollins Financial Advisors LLC trimmed its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 8.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,937 shares of the company’s stock after selling 350 shares during the period. Rollins Financial Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $435,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Private Trust Co. NA increased its position in shares of iShares U.S. Financials ETF by 50.5% during the 4th 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 acquired a new stake in shares of iShares U.S. Financials ETF during the fourth quarter valued at about $34,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares U.S. Financials ETF in the 4th quarter valued at approximately $37,000. Stonebridge Financial Group LLC acquired a new position in shares of iShares U.S. Financials ETF in the 4th quarter worth approximately $37,000. Finally, Lee Danner & Bass Inc. purchased a new position in shares of iShares U.S. Financials ETF during the 4th quarter worth approximately $39,000.

iShares U.S. Financials ETF Stock Performance

iShares U.S. Financials ETF stock opened at $99.61 on Tuesday. The company has a market capitalization of $3.28 billion, a PE ratio of 15.34 and a beta of 0.99. iShares U.S. Financials ETF has a fifty-two week low of $89.10 and a fifty-two week high of $119.90. The firm has a 50 day moving average price of $114.22 and a 200 day moving average price of $112.29.

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.