iShares U.S. Financials ETF (NYSEARCA:IYF) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 14.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,661 shares of the company’s stock after selling 1,137 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in iShares U.S. Financials ETF were worth $630,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. The Manufacturers Life Insurance Company acquired a new stake in shares of iShares U.S. Financials ETF during the 2nd quarter worth approximately $56,608,000. LPL Financial LLC grew its stake in shares of iShares U.S. Financials ETF by 21.0% during the 2nd quarter. LPL Financial LLC now owns 475,892 shares of the company’s stock worth $45,005,000 after purchasing an additional 82,599 shares during the period. Wulff Hansen & CO. grew its stake in shares of iShares U.S. Financials ETF by 9,357.0% during the 2nd quarter. Wulff Hansen & CO. now owns 262,432 shares of the company’s stock worth $24,818,000 after purchasing an additional 259,657 shares during the period. Osaic Holdings Inc. grew its stake in shares of iShares U.S. Financials ETF by 133.1% during the 1st quarter. Osaic Holdings Inc. now owns 186,794 shares of the company’s stock worth $17,879,000 after purchasing an additional 106,650 shares during the period. Finally, Magnus Financial Group LLC grew its stake in shares of iShares U.S. Financials ETF by 1.1% during the 2nd quarter. Magnus Financial Group LLC now owns 183,820 shares of the company’s stock worth $17,384,000 after purchasing an additional 1,984 shares during the period.

iShares U.S. Financials ETF Price Performance

Shares of NYSEARCA IYF opened at $104.69 on Friday. The firm’s 50 day simple moving average is $101.45 and its 200-day simple moving average is $97.05. iShares U.S. Financials ETF has a 12 month low of $70.45 and a 12 month high of $105.20. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84.

About iShares U.S. Financials ETF

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.