Capital Wealth Alliance LLC Reduces Stock Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

Capital Wealth Alliance LLC lessened its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 41.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,985 shares of the company’s stock after selling 3,571 shares during the quarter. Capital Wealth Alliance LLC’s holdings in iShares U.S. Financials ETF were worth $471,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GPS Wealth Strategies Group LLC increased its position in iShares U.S. Financials ETF by 436.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 268 shares of the company’s stock worth $25,000 after purchasing an additional 218 shares in the last quarter. Global Trust Asset Management LLC raised its holdings in shares of 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 worth $32,000 after purchasing an additional 150 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in iShares U.S. Financials ETF during the second quarter worth approximately $57,000. Bare Financial Services Inc acquired a new stake in iShares U.S. Financials ETF in the 4th quarter valued at $59,000. Finally, Principal Securities Inc. purchased a new position in iShares U.S. Financials ETF in the fourth quarter valued at about $63,000.

iShares U.S. Financials ETF Stock Up 1.1 %

Shares of IYF traded up $1.15 during mid-day trading on Friday, reaching $102.41. 39,809 shares of the stock traded hands, compared to its average volume of 176,387. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. The stock has a fifty day simple moving average of $97.41 and a 200 day simple moving average of $94.22. iShares U.S. Financials ETF has a 12-month low of $70.45 and a 12-month high of $102.68.

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.