iShares U.S. Financials ETF $IYF Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 75.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,586 shares of the company’s stock after selling 205,224 shares during the quarter. Principal Financial Group Inc. owned about 0.25% of iShares U.S. Financials ETF worth $7,952,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IYF. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares U.S. Financials ETF by 488.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock valued at $504,583,000 after acquiring an additional 3,248,510 shares during the period. Dynasty Wealth Management LLC lifted its position in iShares U.S. Financials ETF by 545.2% during the 4th quarter. Dynasty Wealth Management LLC now owns 1,762,552 shares of the company’s stock worth $227,246,000 after acquiring an additional 1,489,376 shares during the period. Bank of America Corp DE grew its stake in iShares U.S. Financials ETF by 5.7% during the 3rd quarter. Bank of America Corp DE now owns 1,586,519 shares of the company’s stock valued at $200,917,000 after purchasing an additional 86,197 shares during the last quarter. JPMorgan Chase & Co. grew its stake in iShares U.S. Financials ETF by 184.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,053,341 shares of the company’s stock valued at $135,807,000 after purchasing an additional 682,543 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in iShares U.S. Financials ETF during the 4th quarter valued at about $103,827,000.

iShares U.S. Financials ETF Stock Performance

Shares of IYF stock opened at $134.06 on Monday. iShares U.S. Financials ETF has a fifty-two week low of $113.62 and a fifty-two week high of $135.26. The firm has a market capitalization of $4.50 billion, a PE ratio of 16.42 and a beta of 0.90. The stock’s 50-day simple moving average is $128.16 and its 200-day simple moving average is $125.18.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.