iShares U.S. Financials ETF $IYF Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC reduced its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,435 shares of the company’s stock after selling 797 shares during the period. Mutual Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $2,419,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IYF. The Manufacturers Life Insurance Company raised its holdings in iShares U.S. Financials ETF by 1,366.8% in the first quarter. The Manufacturers Life Insurance Company now owns 1,498,231 shares of the company’s stock valued at $169,075,000 after acquiring an additional 1,396,090 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new stake in iShares U.S. Financials ETF in the second quarter valued at $26,768,000. SPC Financial Inc. acquired a new stake in iShares U.S. Financials ETF in the second quarter valued at $18,470,000. PGIM Custom Harvest LLC raised its holdings in iShares U.S. Financials ETF by 27.0% in the first quarter. PGIM Custom Harvest LLC now owns 648,435 shares of the company’s stock valued at $73,176,000 after acquiring an additional 137,864 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in iShares U.S. Financials ETF by 12.7% in the first quarter. Goldman Sachs Group Inc. now owns 929,654 shares of the company’s stock valued at $104,911,000 after acquiring an additional 105,022 shares in the last quarter.

iShares U.S. Financials ETF Price Performance

IYF opened at $120.85 on Friday. The stock has a market capitalization of $4.03 billion, a PE ratio of 16.42 and a beta of 1.03. The firm’s fifty day moving average price is $124.78 and its 200 day moving average price is $118.51. iShares U.S. Financials ETF has a 12-month low of $95.34 and a 12-month high of $128.07.

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.