Lido Advisors LLC Has $786,000 Stock Holdings in iShares U.S. Financials ETF $IYF

Lido Advisors LLC trimmed its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 36.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,676 shares of the company’s stock after selling 3,822 shares during the quarter. Lido Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $786,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares U.S. Financials ETF by 488.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock valued at $504,583,000 after buying an additional 3,248,510 shares during the period. Dynasty Wealth Management LLC raised its holdings in shares of iShares U.S. Financials ETF by 545.2% during the fourth quarter. Dynasty Wealth Management LLC now owns 1,762,552 shares of the company’s stock worth $227,246,000 after acquiring an additional 1,489,376 shares during the period. Hsbc Holdings PLC bought a new stake in iShares U.S. Financials ETF in the 4th quarter valued at $103,827,000. JPMorgan Chase & Co. lifted its position in iShares U.S. Financials ETF by 184.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,053,341 shares of the company’s stock valued at $135,807,000 after acquiring an additional 682,543 shares in the last quarter. Finally, OpenArc Corporate Advisory LLC acquired a new position in iShares U.S. Financials ETF in the 4th quarter worth $46,860,000.

iShares U.S. Financials ETF Trading Up 1.1%

IYF stock opened at $136.71 on Wednesday. The stock has a 50-day moving average price of $128.71 and a two-hundred day moving average price of $125.23. iShares U.S. Financials ETF has a 1 year low of $113.62 and a 1 year high of $136.77. The stock has a market cap of $4.59 billion, a PE ratio of 16.42 and a beta of 0.90.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.