CoreCap Advisors LLC Lowers Position in iShares U.S. Financials ETF $IYF

CoreCap Advisors LLC trimmed its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 60.1% during the 4th quarter, Holdings Channel reports. The fund owned 14,163 shares of the company’s stock after selling 21,355 shares during the period. CoreCap Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $1,826,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IYF. Ransom Advisory Ltd bought a new stake in shares of iShares U.S. Financials ETF in the 4th quarter valued at about $26,000. Financial Life Planners bought a new position in shares of iShares U.S. Financials ETF during the third quarter valued at approximately $27,000. BNP Paribas Financial Markets bought a new position in shares of iShares U.S. Financials ETF during the third quarter valued at approximately $34,000. Davis Capital Management purchased a new position in iShares U.S. Financials ETF during the third quarter valued at approximately $35,000. Finally, Newbridge Financial Services Group Inc. increased its holdings in iShares U.S. Financials ETF by 39.2% during the second quarter. Newbridge Financial Services Group Inc. now owns 465 shares of the company’s stock valued at $56,000 after buying an additional 131 shares during the period.

iShares U.S. Financials ETF Stock Down 2.3%

Shares of NYSEARCA:IYF opened at $113.98 on Friday. The firm has a 50 day moving average of $123.06 and a 200 day moving average of $125.02. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 16.42 and a beta of 1.02. iShares U.S. Financials ETF has a 52 week low of $95.34 and a 52 week high of $133.54.

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.