NewEdge Advisors LLC Sells 34,519 Shares of iShares U.S. Financials ETF $IYF

NewEdge Advisors LLC decreased its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 78.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,512 shares of the company’s stock after selling 34,519 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $1,119,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Arkadios Wealth Advisors grew its position in iShares U.S. Financials ETF by 6.4% in the 1st quarter. Arkadios Wealth Advisors now owns 9,516 shares of the company’s stock worth $1,120,000 after purchasing an additional 571 shares during the last quarter. Royal Bank of Canada raised its position in shares of iShares U.S. Financials ETF by 3.1% during the first quarter. Royal Bank of Canada now owns 297,765 shares of the company’s stock valued at $35,036,000 after buying an additional 8,823 shares during the last quarter. Gateway Wealth Partners LLC lifted its stake in shares of iShares U.S. Financials ETF by 64.2% in the first quarter. Gateway Wealth Partners LLC now owns 2,711 shares of the company’s stock valued at $319,000 after buying an additional 1,060 shares during the period. Phillip James Consulting Co. acquired a new stake in iShares U.S. Financials ETF during the first quarter worth about $954,000. Finally, Pacific Sun Financial Corp grew its position in iShares U.S. Financials ETF by 7.4% during the first quarter. Pacific Sun Financial Corp now owns 4,811 shares of the company’s stock worth $566,000 after buying an additional 330 shares in the last quarter.

iShares U.S. Financials ETF Stock Down 0.1%

Shares of IYF opened at $134.65 on Friday. The stock’s 50-day moving average price is $129.38 and its 200 day moving average price is $125.34. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 16.42 and a beta of 0.90. iShares U.S. Financials ETF has a 12-month low of $113.62 and a 12-month high of $136.77.

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