CX Institutional Trims Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

CX Institutional trimmed its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 3.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,326 shares of the company’s stock after selling 789 shares during the quarter. CX Institutional’s holdings in iShares U.S. Financials ETF were worth $2,301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares U.S. Financials ETF during the 2nd quarter worth about $57,000. Cetera Advisors LLC boosted its holdings in iShares U.S. Financials ETF by 201.1% during the 1st quarter. Cetera Advisors LLC now owns 15,762 shares of the company’s stock valued at $1,508,000 after acquiring an additional 10,528 shares during the period. Cetera Investment Advisers boosted its holdings in iShares U.S. Financials ETF by 1,043.8% during the 1st quarter. Cetera Investment Advisers now owns 124,382 shares of the company’s stock valued at $11,897,000 after acquiring an additional 113,508 shares during the period. LRI Investments LLC purchased a new position in iShares U.S. Financials ETF during the 1st quarter valued at about $108,000. Finally, XML Financial LLC boosted its holdings in iShares U.S. Financials ETF by 1.4% during the 1st quarter. XML Financial LLC now owns 103,912 shares of the company’s stock valued at $9,939,000 after acquiring an additional 1,433 shares during the period.

iShares U.S. Financials ETF Trading Up 0.1 %

iShares U.S. Financials ETF stock traded up $0.13 during midday trading on Friday, reaching $96.97. 4,480 shares of the stock traded hands, compared to its average volume of 181,155. The company has a 50-day simple moving average of $96.31 and a two-hundred day simple moving average of $93.35. iShares U.S. Financials ETF has a 12-month low of $70.45 and a 12-month high of $102.17. The firm has a market cap of $2.69 billion, a PE ratio of 16.14 and a beta of 0.84.

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.