iShares U.S. Financials ETF (NYSEARCA:IYF) Stake Cut by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. cut its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 1.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,352 shares of the company’s stock after selling 100 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in iShares U.S. Financials ETF were worth $592,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Concourse Financial Group Securities Inc. grew its holdings in shares of iShares U.S. Financials ETF by 26.5% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 879 shares of the company’s stock valued at $91,000 after acquiring an additional 184 shares in the last quarter. Stratos Investment Management LLC grew its stake in iShares U.S. Financials ETF by 67.2% in the third quarter. Stratos Investment Management LLC now owns 5,269 shares of the company’s stock valued at $547,000 after purchasing an additional 2,118 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of iShares U.S. Financials ETF by 3.5% during the 3rd quarter. Raymond James & Associates now owns 100,471 shares of the company’s stock valued at $10,439,000 after buying an additional 3,399 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of iShares U.S. Financials ETF by 66.9% during the 3rd quarter. Private Advisor Group LLC now owns 37,370 shares of the company’s stock valued at $3,883,000 after buying an additional 14,983 shares during the last quarter. Finally, Saxony Capital Management LLC bought a new stake in shares of iShares U.S. Financials ETF in the 3rd quarter valued at approximately $204,000.

iShares U.S. Financials ETF Stock Performance

Shares of IYF opened at $118.50 on Friday. The firm has a market cap of $3.29 billion, a PE ratio of 16.14 and a beta of 0.84. The firm’s 50 day moving average price is $114.20 and its 200 day moving average price is $109.04. iShares U.S. Financials ETF has a twelve month low of $88.19 and a twelve month high of $119.90.

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.