Pettyjohn Wood & White Inc. Reduces Stock Holdings in iShares US Financials ETF (NYSEARCA:IYF)

Pettyjohn Wood & White Inc. decreased its position in iShares US Financials ETF (NYSEARCA:IYF) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,615 shares of the company’s stock after selling 100 shares during the period. Pettyjohn Wood & White Inc. owned about 0.24% of iShares US Financials ETF worth $3,971,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Western Wealth Management LLC lifted its stake in iShares US Financials ETF by 2.9% in the first quarter. Western Wealth Management LLC now owns 3,221 shares of the company’s stock valued at $384,000 after purchasing an additional 91 shares during the last quarter. Berman Capital Advisors LLC lifted its position in shares of iShares US Financials ETF by 65.3% during the first quarter. Berman Capital Advisors LLC now owns 248 shares of the company’s stock worth $29,000 after acquiring an additional 98 shares in the last quarter. Garrison Point Advisors LLC lifted its position in shares of iShares US Financials ETF by 4.7% during the second quarter. Garrison Point Advisors LLC now owns 2,890 shares of the company’s stock worth $363,000 after acquiring an additional 130 shares in the last quarter. CWM LLC lifted its position in shares of iShares US Financials ETF by 8.2% during the second quarter. CWM LLC now owns 2,237 shares of the company’s stock worth $281,000 after acquiring an additional 169 shares in the last quarter. Finally, Chemical Bank lifted its position in shares of iShares US Financials ETF by 7.1% during the second quarter. Chemical Bank now owns 2,548 shares of the company’s stock worth $320,000 after acquiring an additional 170 shares in the last quarter.

Shares of NYSEARCA:IYF traded up $1.83 during trading on Friday, hitting $124.01. 106,900 shares of the company were exchanged, compared to its average volume of 249,744. The stock has a 50 day moving average of $127.03 and a 200 day moving average of $122.71. iShares US Financials ETF has a 52-week low of $99.30 and a 52-week high of $130.15.

iShares US 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.

Further Reading: Return on Equity (ROE)

Institutional Ownership by Quarter for iShares US Financials ETF (NYSEARCA:IYF)

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