Stonebridge Financial Planning Group LLC Sells 2,666 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

Stonebridge Financial Planning Group LLC decreased its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 35.5% in the 4th quarter, HoldingsChannel reports. The firm owned 4,851 shares of the company’s stock after selling 2,666 shares during the quarter. Stonebridge Financial Planning Group LLC’s holdings in iShares U.S. Financials ETF were worth $414,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its stake in iShares U.S. Financials ETF by 4.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 68,115 shares of the company’s stock worth $5,092,000 after buying an additional 2,850 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of iShares U.S. Financials ETF in the 3rd quarter valued at about $274,000. HF Advisory Group LLC lifted its holdings in shares of iShares U.S. Financials ETF by 3.3% in the 3rd quarter. HF Advisory Group LLC now owns 4,654 shares of the company’s stock worth $355,000 after purchasing an additional 148 shares in the last quarter. Whitener Capital Management Inc. bought a new stake in iShares U.S. Financials ETF during the 3rd quarter worth approximately $212,000. Finally, Larson Financial Group LLC boosted its holdings in iShares U.S. Financials ETF by 13.5% during the third quarter. Larson Financial Group LLC now owns 2,308 shares of the company’s stock worth $173,000 after purchasing an additional 275 shares during the last quarter.

iShares U.S. Financials ETF Price Performance

NYSEARCA:IYF traded down $1.01 on Tuesday, reaching $91.15. 51,218 shares of the company’s stock were exchanged, compared to its average volume of 158,599. iShares U.S. Financials ETF has a 52 week low of $68.31 and a 52 week high of $95.88. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 15.87 and a beta of 0.90. The stock has a fifty day simple moving average of $92.35 and a 200-day simple moving average of $85.50.

iShares U.S. 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.