iShares U.S. Financials ETF (NYSEARCA:IYF) Stock Position Reduced by Garrison Point Advisors LLC

Garrison Point Advisors LLC lessened its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,231 shares of the company’s stock after selling 150 shares during the quarter. Garrison Point Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $800,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA increased its position in shares of iShares U.S. Financials ETF by 50.5% during the fourth quarter. Private Trust Co. NA now owns 301 shares of the company’s stock valued at $33,000 after purchasing an additional 101 shares during the period. Kestra Investment Management LLC bought a new stake in shares of iShares U.S. Financials ETF during the fourth quarter worth $34,000. Newbridge Financial Services Group Inc. bought a new position in shares of iShares U.S. Financials ETF in the 4th quarter valued at about $37,000. Stonebridge Financial Group LLC bought a new position in iShares U.S. Financials ETF in the fourth quarter valued at approximately $37,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of iShares U.S. Financials ETF in the 4th quarter worth $39,000.

iShares U.S. Financials ETF Stock Down 7.1 %

Shares of NYSEARCA IYF opened at $99.84 on Friday. The company’s fifty day moving average is $114.58 and its 200-day moving average is $112.26. iShares U.S. Financials ETF has a twelve month low of $89.10 and a twelve month high of $119.90. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 15.34 and a beta of 0.99.

About iShares U.S. 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.