Western Wealth Management LLC Reduces Stock Holdings in iShares U.S. Financials ETF $IYF

Western Wealth Management LLC lowered its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 12.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,127 shares of the company’s stock after selling 569 shares during the quarter. Western Wealth Management LLC’s holdings in iShares U.S. Financials ETF were worth $499,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IYF. Cetera Investment Advisers boosted its stake in iShares U.S. Financials ETF by 18.3% during the second quarter. Cetera Investment Advisers now owns 162,049 shares of the company’s stock worth $19,606,000 after buying an additional 25,082 shares during the period. Empower Advisory Group LLC lifted its holdings in shares of iShares U.S. Financials ETF by 16.4% in the 2nd quarter. Empower Advisory Group LLC now owns 2,085 shares of the company’s stock worth $252,000 after acquiring an additional 294 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of iShares U.S. Financials ETF in the 2nd quarter worth about $807,000. Kane Investment Management Inc. purchased a new position in shares of iShares U.S. Financials ETF during the 2nd quarter worth about $204,000. Finally, Symphony Financial Services Inc. bought a new position in iShares U.S. Financials ETF during the 2nd quarter valued at about $201,000.

iShares U.S. Financials ETF Price Performance

iShares U.S. Financials ETF stock opened at $121.43 on Wednesday. The firm has a market capitalization of $4.03 billion, a P/E ratio of 16.42 and a beta of 1.02. iShares U.S. Financials ETF has a 1-year low of $95.34 and a 1-year high of $128.07. The company’s 50-day moving average is $124.30 and its 200 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.