Stonebridge Financial Planning Group LLC Cuts Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

Stonebridge Financial Planning Group LLC decreased its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 35.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,851 shares of the company’s stock after selling 2,666 shares during the period. Stonebridge Financial Planning Group LLC’s holdings in iShares U.S. Financials ETF were worth $414,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Apeiron RIA LLC grew its holdings in shares of iShares U.S. Financials ETF by 11.4% during the 4th quarter. Apeiron RIA LLC now owns 3,367 shares of the company’s stock worth $288,000 after purchasing an additional 344 shares during the period. Brookstone Capital Management purchased a new position in iShares U.S. Financials ETF in the 4th quarter worth approximately $552,000. Delta Financial Group Inc. raised its stake in shares of iShares U.S. Financials ETF by 4.4% during the fourth quarter. Delta Financial Group Inc. now owns 4,746 shares of the company’s stock valued at $405,000 after purchasing an additional 198 shares during the period. NBC Securities Inc. acquired a new stake in iShares U.S. Financials ETF during the 3rd quarter valued at approximately $221,000. Finally, Kesler Norman & Wride LLC bought a new position in iShares U.S. Financials ETF during the 4th quarter worth $261,000.

iShares U.S. Financials ETF Trading Down 1.1 %

IYF stock traded down $1.01 during trading on Tuesday, hitting $91.15. The company had a trading volume of 51,218 shares, compared to its average volume of 158,599. iShares U.S. Financials ETF has a fifty-two week low of $68.31 and a fifty-two week high of $95.88. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 15.87 and a beta of 0.90. The business has a 50 day moving average of $92.35 and a 200 day moving average of $85.50.

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.