Dynamic Advisor Solutions LLC Cuts Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

Dynamic Advisor Solutions LLC lessened its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 18.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,627 shares of the company’s stock after selling 582 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in iShares U.S. Financials ETF were worth $290,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ironwood Wealth Management LLC. increased its stake in iShares U.S. Financials ETF by 4.9% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 5,936 shares of the company’s stock worth $561,000 after acquiring an additional 279 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of iShares U.S. Financials ETF in the second quarter valued at $236,000. Truist Financial Corp increased its position in iShares U.S. Financials ETF by 8.8% in the second quarter. Truist Financial Corp now owns 27,736 shares of the company’s stock worth $2,623,000 after purchasing an additional 2,252 shares during the last quarter. Cetera Investment Advisers raised its stake in iShares U.S. Financials ETF by 1.2% during the second quarter. Cetera Investment Advisers now owns 125,852 shares of the company’s stock valued at $11,902,000 after purchasing an additional 1,470 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in iShares U.S. Financials ETF during the second quarter valued at $2,544,000.

iShares U.S. Financials ETF Stock Down 0.0 %

Shares of NYSEARCA:IYF opened at $117.96 on Wednesday. The firm has a fifty day simple moving average of $114.06 and a two-hundred day simple moving average of $107.51. The stock has a market capitalization of $3.27 billion, a P/E ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a 52 week low of $85.37 and a 52 week high of $119.90.

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.