iShares U.S. Financials ETF $IYF Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 35.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 661,142 shares of the company’s stock after selling 362,774 shares during the period. Hsbc Holdings PLC’s holdings in iShares U.S. Financials ETF were worth $74,610,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in iShares U.S. Financials ETF by 76.5% during the fourth quarter. Renaissance Technologies LLC now owns 14,300 shares of the company’s stock worth $1,581,000 after acquiring an additional 6,200 shares during the last quarter. Concourse Financial Group Securities Inc. lifted its stake in shares of iShares U.S. Financials ETF by 32.7% in the 4th quarter. Concourse Financial Group Securities Inc. now owns 1,166 shares of the company’s stock valued at $136,000 after purchasing an additional 287 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of iShares U.S. Financials ETF during the 4th quarter worth $211,000. MML Investors Services LLC increased its position in shares of iShares U.S. Financials ETF by 15.1% during the 4th quarter. MML Investors Services LLC now owns 18,306 shares of the company’s stock worth $2,024,000 after purchasing an additional 2,405 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of iShares U.S. Financials ETF by 3.8% during the 4th quarter. Stifel Financial Corp now owns 97,072 shares of the company’s stock worth $10,736,000 after purchasing an additional 3,552 shares during the last quarter.

iShares U.S. Financials ETF Trading Up 0.4%

Shares of IYF opened at $123.27 on Thursday. The company’s 50-day moving average price is $120.87 and its 200 day moving average price is $115.55. iShares U.S. Financials ETF has a 12-month low of $95.34 and a 12-month high of $124.56. The firm has a market cap of $4.23 billion, a P/E ratio of 16.42 and a beta of 1.03.

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.