Lido Advisors LLC trimmed its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report) by 36.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,452 shares of the company’s stock after selling 1,965 shares during the quarter. Lido Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $258,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of IYF. Fisher Asset Management LLC increased its holdings in iShares U.S. Financials ETF by 8.2% during the 2nd quarter. Fisher Asset Management LLC now owns 1,755,721 shares of the company’s stock worth $130,994,000 after purchasing an additional 132,966 shares during the period. Synovus Financial Corp increased its holdings in iShares U.S. Financials ETF by 3.2% during the 2nd quarter. Synovus Financial Corp now owns 36,951 shares of the company’s stock worth $2,757,000 after purchasing an additional 1,156 shares during the period. Balboa Wealth Partners purchased a new position in iShares U.S. Financials ETF during the 2nd quarter worth $564,000. XML Financial LLC increased its holdings in iShares U.S. Financials ETF by 2.3% during the 2nd quarter. XML Financial LLC now owns 100,229 shares of the company’s stock worth $7,478,000 after purchasing an additional 2,270 shares during the period. Finally, Modera Wealth Management LLC purchased a new position in iShares U.S. Financials ETF during the 2nd quarter worth $404,000.
iShares U.S. Financials ETF Stock Up 0.3 %
IYF opened at $79.00 on Tuesday. The stock’s fifty day moving average is $75.18 and its two-hundred day moving average is $75.03. The company has a market capitalization of $1.92 billion, a P/E ratio of 9.21 and a beta of 1.03. iShares U.S. Financials ETF has a 52 week low of $66.91 and a 52 week high of $82.30.
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.
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