Ironwood Financial llc Trims Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

Ironwood Financial llc cut its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 41.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,501 shares of the company’s stock after selling 2,495 shares during the period. Ironwood Financial llc’s holdings in iShares U.S. Financials ETF were worth $387,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IYF. The Manufacturers Life Insurance Company acquired a new stake in iShares U.S. Financials ETF in the second quarter valued at approximately $56,608,000. Bank of Montreal Can raised its stake in shares of iShares U.S. Financials ETF by 705.1% in the third quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock worth $44,658,000 after purchasing an additional 377,999 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in iShares U.S. Financials ETF by 1,161.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 124,235 shares of the company’s stock valued at $12,908,000 after acquiring an additional 114,383 shares during the period. International Assets Investment Management LLC boosted its holdings in iShares U.S. Financials ETF by 10,290.9% in the third quarter. International Assets Investment Management LLC now owns 100,584 shares of the company’s stock valued at $10,451,000 after purchasing an additional 99,616 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in shares of iShares U.S. Financials ETF in the third quarter worth about $9,741,000.

iShares U.S. Financials ETF Stock Performance

IYF stock opened at $115.80 on Monday. iShares U.S. Financials ETF has a one year low of $83.28 and a one year high of $119.90. The firm has a market cap of $3.21 billion, a PE ratio of 16.14 and a beta of 0.84. The firm’s fifty day moving average is $113.87 and its 200 day moving average is $106.63.

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.