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

HighTower Advisors LLC lessened its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,034 shares of the company’s stock after selling 839 shares during the period. HighTower Advisors LLC owned about 0.08% of iShares U.S. Financials ETF worth $2,326,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Independent Advisor Alliance purchased a new position in shares of iShares U.S. Financials ETF in the 4th quarter valued at $306,000. Rialto Wealth Management LLC purchased a new position in shares of iShares U.S. Financials ETF in the 4th quarter valued at $67,000. Raymond James Financial Inc. purchased a new position in shares of iShares U.S. Financials ETF in the 4th quarter valued at $19,475,000. Atria Investments Inc raised its stake in shares of iShares U.S. Financials ETF by 34.6% in the 4th quarter. Atria Investments Inc now owns 9,810 shares of the company’s stock valued at $1,085,000 after acquiring an additional 2,522 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of iShares U.S. Financials ETF by 128.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,545 shares of the company’s stock valued at $1,056,000 after acquiring an additional 5,369 shares during the period.

iShares U.S. Financials ETF Price Performance

iShares U.S. Financials ETF stock opened at $112.23 on Friday. iShares U.S. Financials ETF has a 12-month low of $89.10 and a 12-month high of $119.90. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 15.00 and a beta of 1.08. The firm’s fifty day moving average price is $115.21 and its 200 day moving average price is $111.59.

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.