Cresset Asset Management LLC reduced its position in iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report) by 15.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,176 shares of the company’s stock after selling 402 shares during the quarter. Cresset Asset Management LLC’s holdings in iShares U.S. Financials ETF were worth $241,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Accredited Wealth Management LLC acquired a new position in shares of iShares U.S. Financials ETF in the 4th quarter worth approximately $29,000. Private Trust Co. NA lifted its stake in iShares U.S. Financials ETF by 50.5% during 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 acquired a new position 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 during the fourth quarter valued at $37,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of iShares U.S. Financials ETF during the fourth quarter worth $37,000.
iShares U.S. Financials ETF Stock Performance
iShares U.S. Financials ETF stock opened at $118.01 on Friday. iShares U.S. Financials ETF has a 1 year low of $92.00 and a 1 year high of $119.90. The firm’s 50-day moving average is $109.78 and its 200-day moving average is $112.91. The company has a market cap of $3.55 billion, a P/E ratio of 14.93 and a beta of 1.02.
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.
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