Carnegie Capital Asset Management LLC Lowers Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Carnegie Capital Asset Management LLC lessened its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 8.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,714 shares of the company’s stock after selling 250 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in iShares U.S. Financials ETF were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. HF Advisory Group LLC boosted its holdings in iShares U.S. Financials ETF by 3.3% in the 3rd quarter. HF Advisory Group LLC now owns 4,654 shares of the company’s stock valued at $355,000 after purchasing an additional 148 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of iShares U.S. Financials ETF by 1.8% during the 4th quarter. Captrust Financial Advisors now owns 8,940 shares of the company’s stock worth $675,000 after acquiring an additional 155 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of iShares U.S. Financials ETF by 0.6% during the 4th quarter. Baird Financial Group Inc. now owns 26,994 shares of the company’s stock worth $2,037,000 after acquiring an additional 164 shares in the last quarter. Valmark Advisers Inc. boosted its stake in shares of iShares U.S. Financials ETF by 5.8% during the 3rd quarter. Valmark Advisers Inc. now owns 3,189 shares of the company’s stock worth $238,000 after acquiring an additional 175 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of iShares U.S. Financials ETF by 1.3% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 14,353 shares of the company’s stock worth $1,073,000 after acquiring an additional 180 shares in the last quarter.

iShares U.S. Financials ETF Price Performance

Shares of NYSEARCA:IYF opened at $89.49 on Thursday. The business’s 50 day simple moving average is $91.74 and its 200-day simple moving average is $84.40. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 15.87 and a beta of 0.90. iShares U.S. Financials ETF has a 12 month low of $68.31 and a 12 month high of $95.88.

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.