iShares U.S. Financials ETF $IYF Shares Sold by Brookstone Capital Management

Brookstone Capital Management reduced its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 28.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,139 shares of the company’s stock after selling 1,651 shares during the quarter. Brookstone Capital Management’s holdings in iShares U.S. Financials ETF were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its stake in shares of iShares U.S. Financials ETF by 18.9% during the first quarter. Sequoia Financial Advisors LLC now owns 2,746 shares of the company’s stock worth $310,000 after buying an additional 437 shares during the period. Blair William & Co. IL lifted its stake in shares of iShares U.S. Financials ETF by 7.1% during the first quarter. Blair William & Co. IL now owns 11,402 shares of the company’s stock worth $1,287,000 after buying an additional 752 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of iShares U.S. Financials ETF by 21.8% during the first quarter. Envestnet Asset Management Inc. now owns 111,800 shares of the company’s stock worth $12,617,000 after buying an additional 19,987 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of iShares U.S. Financials ETF by 69.0% during the first quarter. Golden State Wealth Management LLC now owns 311 shares of the company’s stock worth $35,000 after buying an additional 127 shares during the period. Finally, Avantax Advisory Services Inc. lifted its stake in shares of iShares U.S. Financials ETF by 6.7% during the first quarter. Avantax Advisory Services Inc. now owns 6,236 shares of the company’s stock worth $704,000 after buying an additional 389 shares during the period.

iShares U.S. Financials ETF Price Performance

NYSEARCA IYF opened at $124.00 on Tuesday. The company has a market capitalization of $4.12 billion, a PE ratio of 16.42 and a beta of 1.02. The company has a fifty day moving average of $124.76 and a 200 day moving average of $119.55. iShares U.S. Financials ETF has a 1 year low of $95.34 and a 1 year high of $128.07.

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.