AE Wealth Management LLC Cuts Stock Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

AE Wealth Management LLC lowered its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 5.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,219 shares of the company’s stock after selling 3,809 shares during the quarter. AE Wealth Management LLC owned 0.24% of iShares U.S. Financials ETF worth $6,357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of IYF. Somerset Group LLC grew its stake in shares of iShares U.S. Financials ETF by 0.5% in the 2nd quarter. Somerset Group LLC now owns 22,995 shares of the company’s stock worth $2,175,000 after acquiring an additional 114 shares in the last quarter. Larson Financial Group LLC grew its position in iShares U.S. Financials ETF by 5.0% in the 2nd quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $248,000 after purchasing an additional 124 shares in the last quarter. Global Trust Asset Management LLC increased its stake in iShares U.S. Financials ETF by 81.1% in the 1st quarter. Global Trust Asset Management LLC now owns 335 shares of the company’s stock valued at $32,000 after buying an additional 150 shares during the last quarter. Eudaimonia Advisors LLC lifted its position in shares of iShares U.S. Financials ETF by 3.5% during the 1st quarter. Eudaimonia Advisors LLC now owns 5,261 shares of the company’s stock worth $503,000 after buying an additional 179 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of iShares U.S. Financials ETF by 5.0% in the 1st quarter. CWM LLC now owns 4,030 shares of the company’s stock worth $385,000 after buying an additional 192 shares during the last quarter.

iShares U.S. Financials ETF Trading Down 0.2 %

Shares of IYF opened at $104.26 on Friday. The stock has a 50 day moving average of $100.77 and a 200 day moving average of $96.27. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a 12 month low of $70.45 and a 12 month high of $105.20.

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.