WASHINGTON TRUST Co Reduces Stock Position in iShares U.S. Financials ETF $IYF

WASHINGTON TRUST Co decreased its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 23.7% in the 2nd quarter, Holdings Channel reports. The firm owned 61,512 shares of the company’s stock after selling 19,095 shares during the period. WASHINGTON TRUST Co’s holdings in iShares U.S. Financials ETF were worth $7,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of IYF. Envestnet Asset Management Inc. boosted its position in iShares U.S. Financials ETF by 21.8% during the first quarter. Envestnet Asset Management Inc. now owns 111,800 shares of the company’s stock worth $12,617,000 after acquiring an additional 19,987 shares during the last quarter. CWM LLC boosted its position in shares of iShares U.S. Financials ETF by 23.5% during the first quarter. CWM LLC now owns 8,873 shares of the company’s stock worth $1,001,000 after buying an additional 1,691 shares during the period. Sigma Planning Corp lifted its position in iShares U.S. Financials ETF by 19.3% in the first quarter. Sigma Planning Corp now owns 10,248 shares of the company’s stock worth $1,157,000 after purchasing an additional 1,655 shares during the period. Larson Financial Group LLC boosted its stake in shares of iShares U.S. Financials ETF by 3.7% during the 1st quarter. Larson Financial Group LLC now owns 2,895 shares of the company’s stock worth $327,000 after acquiring an additional 102 shares in the last quarter. Finally, Napatree Capital LLC boosted its position in shares of iShares U.S. Financials ETF by 22.4% in the first quarter. Napatree Capital LLC now owns 5,312 shares of the company’s stock worth $599,000 after buying an additional 972 shares during the period.

iShares U.S. Financials ETF Stock Performance

Shares of NYSEARCA IYF traded down $0.38 during mid-day trading on Thursday, reaching $125.93. 25,251 shares of the company traded hands, compared to its average volume of 395,643. iShares U.S. Financials ETF has a fifty-two week low of $95.34 and a fifty-two week high of $128.07. The company’s fifty day moving average is $124.46 and its two-hundred day moving average is $121.00. The stock has a market cap of $4.17 billion, a PE ratio of 16.42 and a beta of 1.02.

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.