HC Advisors LLC Trims Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

HC Advisors LLC cut its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,563 shares of the company’s stock after selling 2,005 shares during the period. iShares U.S. Financials ETF makes up approximately 3.4% of HC Advisors LLC’s investment portfolio, making the stock its 9th largest holding. HC Advisors LLC owned 0.14% of iShares U.S. Financials ETF worth $4,264,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new position in iShares U.S. Financials ETF during the fourth quarter worth about $34,000. Newbridge Financial Services Group Inc. bought a new position in iShares U.S. Financials ETF during the fourth quarter worth about $37,000. Stonebridge Financial Group LLC bought a new position in iShares U.S. Financials ETF during the fourth quarter worth about $37,000. Arlington Trust Co LLC bought a new stake in shares of iShares U.S. Financials ETF in the fourth quarter valued at about $41,000. Finally, Financial Life Planners bought a new stake in shares of iShares U.S. Financials ETF in the fourth quarter valued at about $42,000.

iShares U.S. Financials ETF Price Performance

Shares of iShares U.S. Financials ETF stock opened at $116.11 on Friday. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 15.26 and a beta of 1.08. The stock’s 50-day moving average is $114.95 and its 200-day moving average is $110.38. iShares U.S. Financials ETF has a one year low of $89.10 and a one year high of $119.90.

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.