Stephens Inc. AR lessened its position in shares of iShares US Financials ETF (NYSEARCA:IYF) by 48.4% during the second quarter, Holdings Channel reports. The institutional investor owned 9,118 shares of the company’s stock after selling 8,569 shares during the quarter. Stephens Inc. AR’s holdings in iShares US Financials ETF were worth $1,069,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in IYF. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares US Financials ETF by 24.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,844 shares of the company’s stock worth $1,974,000 after purchasing an additional 3,276 shares during the period. Risk Paradigm Group LLC raised its position in shares of iShares US Financials ETF by 14.8% during the 2nd quarter. Risk Paradigm Group LLC now owns 4,593 shares of the company’s stock worth $538,000 after purchasing an additional 592 shares during the period. GAM Holding AG acquired a new stake in shares of iShares US Financials ETF during the 2nd quarter worth approximately $1,440,000. CIBC World Markets Inc. raised its position in shares of iShares US Financials ETF by 18.9% during the 2nd quarter. CIBC World Markets Inc. now owns 3,364 shares of the company’s stock worth $394,000 after purchasing an additional 534 shares during the period. Finally, IPG Investment Advisors LLC raised its position in shares of iShares US Financials ETF by 15.3% during the 2nd quarter. IPG Investment Advisors LLC now owns 6,400 shares of the company’s stock worth $750,000 after purchasing an additional 850 shares during the period.

Shares of iShares US Financials ETF stock opened at $123.83 on Friday. iShares US Financials ETF has a twelve month low of $105.95 and a twelve month high of $126.54.

About iShares US 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.

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Institutional Ownership by Quarter for iShares US Financials ETF (NYSEARCA:IYF)

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