NewEdge Advisors LLC Reduces Stock Position in iShares U.S. Financials ETF $IYF

NewEdge Advisors LLC lessened its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 73.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,882 shares of the company’s stock after selling 32,149 shares during the period. NewEdge Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $1,398,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Arkadios Wealth Advisors lifted its holdings in shares of iShares U.S. Financials ETF by 6.4% during the 1st quarter. Arkadios Wealth Advisors now owns 9,516 shares of the company’s stock valued at $1,120,000 after buying an additional 571 shares during the period. Royal Bank of Canada grew its holdings in shares of iShares U.S. Financials ETF by 3.1% in the first quarter. Royal Bank of Canada now owns 297,765 shares of the company’s stock worth $35,036,000 after acquiring an additional 8,823 shares during the period. Gateway Wealth Partners LLC increased its position in iShares U.S. Financials ETF by 64.2% during the first quarter. Gateway Wealth Partners LLC now owns 2,711 shares of the company’s stock valued at $319,000 after acquiring an additional 1,060 shares during the last quarter. Phillip James Consulting Co. purchased a new stake in iShares U.S. Financials ETF during the first quarter valued at $954,000. Finally, Pacific Sun Financial Corp lifted its holdings in iShares U.S. Financials ETF by 7.4% in the first quarter. Pacific Sun Financial Corp now owns 4,811 shares of the company’s stock valued at $566,000 after acquiring an additional 330 shares during the period.

iShares U.S. Financials ETF Stock Performance

Shares of NYSEARCA:IYF opened at $138.29 on Monday. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 16.42 and a beta of 0.89. The stock’s 50-day simple moving average is $132.20 and its two-hundred day simple moving average is $125.92. iShares U.S. Financials ETF has a 52-week low of $113.62 and a 52-week high of $138.79.

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.