Wealthstar Advisors LLC Sells 6,015 Shares of iShares U.S. Financials ETF $IYF

Wealthstar Advisors LLC cut its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 28.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 14,928 shares of the company’s stock after selling 6,015 shares during the quarter. iShares U.S. Financials ETF makes up about 0.8% of Wealthstar Advisors LLC’s holdings, making the stock its 25th largest holding. Wealthstar Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $1,756,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of IYF. Centerline Wealth Advisors LLC purchased a new stake in iShares U.S. Financials ETF during the fourth quarter valued at $5,353,000. Cyndeo Wealth Partners LLC boosted its position in iShares U.S. Financials ETF by 149.5% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 17,451 shares of the company’s stock worth $2,250,000 after purchasing an additional 10,456 shares during the last quarter. Brendel Financial Advisors LLC purchased a new position in iShares U.S. Financials ETF in the fourth quarter worth about $913,000. Pinkerton Wealth LLC boosted its position in iShares U.S. Financials ETF by 5.8% in the third quarter. Pinkerton Wealth LLC now owns 299,584 shares of the company’s stock worth $37,939,000 after purchasing an additional 16,549 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares U.S. Financials ETF by 488.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock valued at $504,583,000 after purchasing an additional 3,248,510 shares during the period.

iShares U.S. Financials ETF Price Performance

NYSEARCA IYF opened at $131.89 on Friday. iShares U.S. Financials ETF has a 52 week low of $113.62 and a 52 week high of $133.54. The firm has a market capitalization of $4.04 billion, a P/E ratio of 16.42 and a beta of 0.90. The company has a 50-day moving average price of $125.12 and a 200-day moving average price of $124.84.

iShares U.S. Financials ETF 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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.