Murphy Capital Management Inc. lessened its stake in shares of iShares US Financials ETF (NYSEARCA:IYF) by 1.5% in the 1st quarter, Holdings Channel reports. The firm owned 14,570 shares of the company’s stock after selling 225 shares during the quarter. Murphy Capital Management Inc.’s holdings in iShares US Financials ETF were worth $1,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in IYF. Bank of New York Mellon Corp raised its stake in shares of iShares US Financials ETF by 5.2% during the third quarter. Bank of New York Mellon Corp now owns 9,034 shares of the company’s stock worth $1,097,000 after purchasing an additional 443 shares during the last quarter. BlackRock Inc. raised its position in iShares US Financials ETF by 2.6% in the third quarter. BlackRock Inc. now owns 136,403 shares of the company’s stock worth $16,569,000 after acquiring an additional 3,494 shares in the last quarter. Baird Financial Group Inc. raised its position in iShares US Financials ETF by 39.2% in the third quarter. Baird Financial Group Inc. now owns 2,749 shares of the company’s stock worth $334,000 after acquiring an additional 774 shares in the last quarter. Great Lakes Advisors LLC purchased a new position in iShares US Financials ETF in the third quarter worth $257,000. Finally, Matthew Goff Investment Advisor LLC purchased a new position in iShares US Financials ETF in the third quarter worth $784,000.

NYSEARCA:IYF traded up $0.29 during trading hours on Thursday, hitting $121.27. The company’s stock had a trading volume of 16,405 shares, compared to its average volume of 364,947. iShares US Financials ETF has a 52-week low of $99.30 and a 52-week high of $126.43.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 21st were given a $0.5742 dividend. This is a boost from iShares US Financials ETF’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.30 annualized dividend and a yield of 1.89%.

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iShares US Financials ETF Company Profile

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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Want to see what other hedge funds are holding IYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares US Financials ETF (NYSEARCA:IYF).

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

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