MinichMacGregor Wealth Management LLC Reduces Holdings in iShares U.S. Financials ETF $IYF

MinichMacGregor Wealth Management LLC lowered its position in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 98.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,632 shares of the company’s stock after selling 126,524 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in iShares U.S. Financials ETF were worth $310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in IYF. Ransom Advisory Ltd acquired a new position in iShares U.S. Financials ETF in the fourth quarter valued at approximately $26,000. Flagship Harbor Advisors LLC acquired a new stake in iShares U.S. Financials ETF during the fourth quarter worth $26,000. Financial Life Planners acquired a new stake in iShares U.S. Financials ETF during the third quarter worth $27,000. Key Capital Management INC acquired a new stake in iShares U.S. Financials ETF during the fourth quarter worth $28,000. Finally, Hazlett Burt & Watson Inc. raised its position in iShares U.S. Financials ETF by 666.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 230 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period.

iShares U.S. Financials ETF Stock Down 0.7%

Shares of iShares U.S. Financials ETF stock opened at $128.19 on Thursday. iShares U.S. Financials ETF has a 52 week low of $113.62 and a 52 week high of $133.54. The business’s fifty day simple moving average is $124.51 and its 200-day simple moving average is $124.75. The firm has a market cap of $3.51 billion, a PE ratio of 16.42 and a beta of 0.91.

About iShares U.S. Financials ETF

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.