First Heartland Consultants Inc. Cuts Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

First Heartland Consultants Inc. cut its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 2.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 28,648 shares of the company’s stock after selling 648 shares during the quarter. First Heartland Consultants Inc.’s holdings in iShares U.S. Financials ETF were worth $2,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new stake in iShares U.S. Financials ETF during the second quarter worth about $56,608,000. Wulff Hansen & CO. grew its position in shares of iShares U.S. Financials ETF by 9,357.0% during the 2nd quarter. Wulff Hansen & CO. now owns 262,432 shares of the company’s stock valued at $24,818,000 after acquiring an additional 259,657 shares during the period. Apollon Wealth Management LLC increased its stake in shares of 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 worth $12,908,000 after purchasing an additional 114,383 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of iShares U.S. Financials ETF by 1,043.8% in the 1st quarter. Cetera Investment Advisers now owns 124,382 shares of the company’s stock worth $11,897,000 after purchasing an additional 113,508 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in iShares U.S. Financials ETF by 133.1% in the first quarter. Osaic Holdings Inc. now owns 186,794 shares of the company’s stock valued at $17,879,000 after purchasing an additional 106,650 shares during the last quarter.

iShares U.S. Financials ETF Stock Performance

NYSEARCA:IYF traded down $0.13 during trading hours on Tuesday, reaching $115.38. The stock had a trading volume of 33,777 shares, compared to its average volume of 202,961. The stock has a market cap of $3.20 billion, a P/E ratio of 16.14 and a beta of 0.84. The stock has a 50 day simple moving average of $105.75 and a 200 day simple moving average of $99.86. iShares U.S. Financials ETF has a 12-month low of $75.70 and a 12-month high of $116.02.

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.