Lido Advisors LLC Has $786,000 Stake in iShares U.S. Financials ETF $IYF

Lido Advisors LLC reduced its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 36.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 6,676 shares of the company’s stock after selling 3,822 shares during the quarter. Lido Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $786,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brendel Financial Advisors LLC acquired a new position in iShares U.S. Financials ETF during the fourth quarter worth $913,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares U.S. Financials ETF by 488.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock valued at $504,583,000 after purchasing an additional 3,248,510 shares during the period. Cottonwood Capital Advisors LLC bought a new position in iShares U.S. Financials ETF during the first quarter worth about $684,000. Gerald Baker Financial Group LLC bought a new stake in iShares U.S. Financials ETF in the first quarter valued at approximately $1,073,000. Finally, UBS Group AG boosted its stake in shares of iShares U.S. Financials ETF by 4.8% during the 4th quarter. UBS Group AG now owns 418,923 shares of the company’s stock worth $54,012,000 after acquiring an additional 19,167 shares during the period.

iShares U.S. Financials ETF Trading Up 1.1%

IYF opened at $136.71 on Wednesday. The stock’s fifty day simple moving average is $128.71 and its 200 day simple moving average is $125.23. iShares U.S. Financials ETF has a 1-year low of $113.62 and a 1-year high of $136.77. The stock has a market cap of $4.59 billion, a PE ratio of 16.42 and a beta of 0.90.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.