Principal Financial Group Inc. lessened its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report) by 75.2% in the 1st quarter, HoldingsChannel reports. The firm owned 67,586 shares of the company’s stock after selling 205,224 shares during the quarter. Principal Financial Group Inc.’s holdings in iShares U.S. Financials ETF were worth $7,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in iShares U.S. Financials ETF during the first quarter valued at $25,000. Flagship Harbor Advisors LLC acquired a new stake in iShares U.S. Financials ETF during the 4th quarter worth about $26,000. Key Capital Management INC purchased a new position in shares of iShares U.S. Financials ETF during the 4th quarter valued at about $28,000. Hazlett Burt & Watson Inc. raised its stake in shares of iShares U.S. Financials ETF by 666.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 230 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of iShares U.S. Financials ETF in the 4th quarter valued at about $32,000.
iShares U.S. Financials ETF Price Performance
Shares of IYF stock opened at $134.06 on Monday. iShares U.S. Financials ETF has a 52-week low of $113.62 and a 52-week high of $135.26. The stock has a market cap of $4.50 billion, a PE ratio of 16.42 and a beta of 0.90. The business has a 50-day simple moving average of $128.16 and a 200-day simple moving average of $125.18.
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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Want to see what other hedge funds are holding IYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report).
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