PNC Financial Services Group Inc. Reduces Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

PNC Financial Services Group Inc. lowered its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 25,793 shares of the company’s stock after selling 134 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares U.S. Financials ETF were worth $2,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of IYF. Bogart Wealth LLC raised its holdings in iShares U.S. Financials ETF by 34.2% in the 3rd quarter. Bogart Wealth LLC now owns 416 shares of the company’s stock worth $43,000 after purchasing an additional 106 shares during the period. Somerset Group LLC increased its position in iShares U.S. Financials ETF by 0.5% in the second quarter. Somerset Group LLC now owns 22,995 shares of the company’s stock worth $2,175,000 after buying an additional 114 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of iShares U.S. Financials ETF by 5.0% in the second quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $248,000 after buying an additional 124 shares during the period. Concourse Financial Group Securities Inc. lifted its position 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 buying an additional 184 shares in the last quarter. Finally, HCR Wealth Advisors grew its stake in shares of iShares U.S. Financials ETF by 5.0% during the 3rd quarter. HCR Wealth Advisors now owns 4,124 shares of the company’s stock valued at $429,000 after acquiring an additional 195 shares during the period.

iShares U.S. Financials ETF Trading Up 0.7 %

NYSEARCA IYF opened at $118.61 on Tuesday. iShares U.S. Financials ETF has a 12 month low of $79.04 and a 12 month high of $119.03. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. The company’s 50 day moving average is $108.51 and its two-hundred day moving average is $101.49.

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.