iShares U.S. Financials ETF (NYSEARCA:IYF) Stake Cut by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. reduced its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 3.7% in the 1st quarter, Holdings Channel reports. The fund owned 23,452 shares of the company’s stock after selling 912 shares during the period. Geneos Wealth Management Inc.’s holdings in iShares U.S. Financials ETF were worth $2,647,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Comerica Bank lifted its stake in iShares U.S. Financials ETF by 1.0% in the 4th quarter. Comerica Bank now owns 9,852 shares of the company’s stock worth $1,089,000 after acquiring an additional 93 shares in the last quarter. Picton Mahoney Asset Management lifted its stake in iShares U.S. Financials ETF by 11.1% in the 1st quarter. Picton Mahoney Asset Management now owns 1,000 shares of the company’s stock worth $113,000 after acquiring an additional 100 shares in the last quarter. Larson Financial Group LLC lifted its stake in iShares U.S. Financials ETF by 3.7% in the 1st quarter. Larson Financial Group LLC now owns 2,895 shares of the company’s stock worth $327,000 after acquiring an additional 102 shares in the last quarter. Millennium Management LLC lifted its stake in iShares U.S. Financials ETF by 0.7% in the 4th quarter. Millennium Management LLC now owns 16,659 shares of the company’s stock worth $1,842,000 after acquiring an additional 108 shares in the last quarter. Finally, Investment Advisory Group LLC lifted its stake in iShares U.S. Financials ETF by 4.6% in the 1st quarter. Investment Advisory Group LLC now owns 2,860 shares of the company’s stock worth $323,000 after acquiring an additional 125 shares in the last quarter.

iShares U.S. Financials ETF Price Performance

IYF opened at $122.88 on Thursday. iShares U.S. Financials ETF has a fifty-two week low of $92.83 and a fifty-two week high of $124.56. The business has a 50-day moving average of $118.97 and a 200-day moving average of $114.90. The company has a market capitalization of $4.17 billion, a PE ratio of 16.42 and a beta of 1.03.

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.