Syon Capital LLC Sells 9,362 Shares of iShares U.S. Financials ETF $IYF

Syon Capital LLC cut its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 28.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,258 shares of the company’s stock after selling 9,362 shares during the period. Syon Capital LLC owned 0.07% of iShares U.S. Financials ETF worth $2,966,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares U.S. Financials ETF by 488.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock worth $504,583,000 after purchasing an additional 3,248,510 shares during the last quarter. Dynasty Wealth Management LLC boosted its holdings in shares of iShares U.S. Financials ETF by 545.2% in the 4th quarter. Dynasty Wealth Management LLC now owns 1,762,552 shares of the company’s stock valued at $227,246,000 after buying an additional 1,489,376 shares during the last quarter. Bank of America Corp DE grew its stake in shares of iShares U.S. Financials ETF by 5.7% in the third quarter. Bank of America Corp DE now owns 1,586,519 shares of the company’s stock valued at $200,917,000 after buying an additional 86,197 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of iShares U.S. Financials ETF by 184.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,053,341 shares of the company’s stock valued at $135,807,000 after buying an additional 682,543 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in iShares U.S. Financials ETF during the fourth quarter worth $103,827,000.

iShares U.S. Financials ETF Trading Up 2.0%

NYSEARCA IYF opened at $138.94 on Friday. The firm’s fifty day moving average price is $134.82 and its two-hundred day moving average price is $126.87. iShares U.S. Financials ETF has a 1 year low of $113.62 and a 1 year high of $139.09. The firm has a market capitalization of $4.68 billion, a P/E ratio of 16.42 and a beta of 0.89.

iShares U.S. Financials ETF 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.