Hsbc Holdings PLC trimmed its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report) by 98.4% during the 1st quarter, Holdings Channel reports. The fund 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 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of IYF. Financial Freedom LLC lifted its holdings in 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 valued at $1,952,000 after acquiring an additional 7,874 shares during the period. Money Concepts Capital Corp acquired a new stake in shares of iShares U.S. Financials ETF during the 1st quarter worth approximately $205,000. Nvest Financial LLC grew its stake in shares of iShares U.S. Financials ETF by 17.5% during the 1st quarter. Nvest Financial LLC now owns 23,029 shares of the company’s stock worth $2,710,000 after purchasing an additional 3,433 shares during the period. Stephens Inc. AR increased its holdings in shares of iShares U.S. Financials ETF by 4.6% during the 1st quarter. Stephens Inc. AR now owns 9,482 shares of the company’s stock valued at $1,116,000 after purchasing an additional 419 shares in the last quarter. Finally, World Investment Advisors increased its holdings in shares of iShares U.S. Financials ETF by 4.9% during the 1st quarter. World Investment Advisors now owns 3,884 shares of the company’s stock valued at $457,000 after purchasing an additional 181 shares in the last quarter.
iShares U.S. Financials ETF Price Performance
IYF opened at $135.17 on Tuesday. The firm has a fifty day moving average price of $128.41 and a 200 day moving average price of $125.19. iShares U.S. Financials ETF has a 1 year low of $113.62 and a 1 year high of $136.00. The stock has a market cap of $4.54 billion, a P/E ratio of 16.42 and a beta of 0.90.
iShares U.S. Financials ETF Company 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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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