Hsbc Holdings PLC Trims Stock Holdings in iShares U.S. Financials ETF $IYF

Hsbc Holdings PLC lowered its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 98.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 13,225 shares of the company’s stock after selling 792,071 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares U.S. Financials ETF were worth $1,556,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Financial Freedom LLC raised its stake in shares of iShares U.S. Financials ETF by 90.3% in the first quarter. Financial Freedom LLC now owns 16,591 shares of the company’s stock worth $1,952,000 after purchasing an additional 7,874 shares during the last quarter. Money Concepts Capital Corp purchased a new stake in iShares U.S. Financials ETF in the first quarter valued at approximately $205,000. Nvest Financial LLC boosted its position in iShares U.S. Financials ETF by 17.5% in the first quarter. Nvest Financial LLC now owns 23,029 shares of the company’s stock valued at $2,710,000 after buying an additional 3,433 shares during the last quarter. Stephens Inc. AR increased its holdings in iShares U.S. Financials ETF by 4.6% in the 1st quarter. Stephens Inc. AR now owns 9,482 shares of the company’s stock worth $1,116,000 after buying an additional 419 shares during the period. Finally, World Investment Advisors increased its holdings in iShares U.S. Financials ETF by 4.9% in the 1st quarter. World Investment Advisors now owns 3,884 shares of the company’s stock worth $457,000 after buying an additional 181 shares during the period.

iShares U.S. Financials ETF Trading Up 0.8%

IYF opened at $135.17 on Tuesday. iShares U.S. Financials ETF has a 12-month low of $113.62 and a 12-month high of $136.00. The firm has a 50 day moving average of $128.41 and a two-hundred day moving average of $125.19. The firm has a market capitalization of $4.54 billion, a PE ratio of 16.42 and a beta of 0.90.

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.