HC Advisors LLC Has $4.53 Million Stake in iShares U.S. Financials ETF $IYF

HC Advisors LLC cut its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,457 shares of the company’s stock after selling 461 shares during the quarter. iShares U.S. Financials ETF comprises about 3.2% of HC Advisors LLC’s holdings, making the stock its 10th largest position. HC Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $4,532,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IYF. The Manufacturers Life Insurance Company increased its position in shares of iShares U.S. Financials ETF by 1,366.8% during the first quarter. The Manufacturers Life Insurance Company now owns 1,498,231 shares of the company’s stock valued at $169,075,000 after buying an additional 1,396,090 shares during the period. Sagespring Wealth Partners LLC bought a new position in shares of iShares U.S. Financials ETF in the second quarter valued at approximately $26,768,000. SPC Financial Inc. purchased a new position in iShares U.S. Financials ETF during the second quarter valued at approximately $18,470,000. PGIM Custom Harvest LLC increased its holdings in iShares U.S. Financials ETF by 27.0% during the 1st quarter. PGIM Custom Harvest LLC now owns 648,435 shares of the company’s stock worth $73,176,000 after acquiring an additional 137,864 shares during the period. Finally, Horizon Wealth Management LLC bought a new stake in iShares U.S. Financials ETF during the 2nd quarter worth approximately $13,417,000.

iShares U.S. Financials ETF Price Performance

IYF opened at $124.06 on Friday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 16.42 and a beta of 1.02. iShares U.S. Financials ETF has a one year low of $95.34 and a one year high of $128.07. The company has a fifty day moving average price of $124.45 and a 200-day moving average price of $120.65.

iShares U.S. Financials ETF Company 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.