Stonebridge Financial Planning Group LLC Decreases Stake in iShares U.S. Financials ETF $IYF

Stonebridge Financial Planning Group LLC cut its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 12.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,790 shares of the company’s stock after selling 525 shares during the quarter. Stonebridge Financial Planning Group LLC’s holdings in iShares U.S. Financials ETF were worth $459,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in shares of iShares U.S. Financials ETF by 1,366.8% in 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 in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of iShares U.S. Financials ETF by 12.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 929,654 shares of the company’s stock valued at $104,911,000 after acquiring an additional 105,022 shares during the period. LPL Financial LLC lifted its position in shares of iShares U.S. Financials ETF by 9.5% during the 1st quarter. LPL Financial LLC now owns 742,926 shares of the company’s stock valued at $83,839,000 after acquiring an additional 64,448 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares U.S. Financials ETF by 7.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 688,878 shares of the company’s stock valued at $77,740,000 after acquiring an additional 45,100 shares during the period. Finally, PGIM Custom Harvest LLC lifted its position in shares of 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 valued at $73,176,000 after acquiring an additional 137,864 shares during the period.

iShares U.S. Financials ETF Trading Up 0.4%

IYF stock opened at $122.79 on Wednesday. The firm has a 50 day moving average of $124.59 and a 200-day moving average of $120.37. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 16.42 and a beta of 1.02. iShares U.S. Financials ETF has a 12-month low of $95.34 and a 12-month high of $128.07.

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.