PNC Financial Services Group Inc. Cuts Stake in iShares U.S. Financials ETF $IYF

PNC Financial Services Group Inc. lessened its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,713 shares of the company’s stock after selling 876 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares U.S. Financials ETF were worth $2,990,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC increased its stake in iShares U.S. Financials ETF by 60.4% during the 2nd quarter. Rise Advisors LLC now owns 364 shares of the company’s stock worth $44,000 after buying an additional 137 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of iShares U.S. Financials ETF in the second quarter worth approximately $63,000. Private Trust Co. NA increased its position in shares of iShares U.S. Financials ETF by 106.7% during the second quarter. Private Trust Co. NA now owns 705 shares of the company’s stock worth $85,000 after purchasing an additional 364 shares in the last quarter. Picton Mahoney Asset Management increased its position in shares of iShares U.S. Financials ETF by 11.1% during the first quarter. Picton Mahoney Asset Management now owns 1,000 shares of the company’s stock worth $113,000 after purchasing an additional 100 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in iShares U.S. Financials ETF in the 2nd quarter valued at $132,000.

iShares U.S. Financials ETF Stock Up 0.1%

Shares of IYF opened at $121.43 on Wednesday. iShares U.S. Financials ETF has a 52-week low of $95.34 and a 52-week high of $128.07. The stock has a market cap of $4.03 billion, a PE ratio of 16.42 and a beta of 1.02. The firm’s fifty day moving average is $124.30 and its two-hundred day moving average is $121.40.

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.