Meridian Wealth Management LLC Decreases Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Meridian Wealth Management LLC decreased its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,260 shares of the company’s stock after selling 215 shares during the quarter. Meridian Wealth Management LLC’s holdings in iShares U.S. Financials ETF were worth $360,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IYF. Private Trust Co. NA increased its position in shares of iShares U.S. Financials ETF by 50.5% in the fourth quarter. Private Trust Co. NA now owns 301 shares of the company’s stock valued at $33,000 after acquiring an additional 101 shares during the period. Kestra Investment Management LLC purchased a new position in shares of iShares U.S. Financials ETF in the fourth quarter valued at about $34,000. Newbridge Financial Services Group Inc. purchased a new position in shares of iShares U.S. Financials ETF in the fourth quarter valued at about $37,000. Stonebridge Financial Group LLC purchased a new position in shares of iShares U.S. Financials ETF in the fourth quarter valued at about $37,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of iShares U.S. Financials ETF in the third quarter valued at about $41,000.

iShares U.S. Financials ETF Trading Up 0.8 %

IYF stock opened at $114.03 on Thursday. The firm’s 50-day moving average price is $115.29 and its two-hundred day moving average price is $110.94. iShares U.S. Financials ETF has a 12-month low of $89.10 and a 12-month high of $119.90. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 15.26 and a beta of 1.08.

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.