UBS Group AG Cuts Holdings in iShares U.S. Financials ETF (NYSEARCA:IYF)

UBS Group AG cut its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF – Get Rating) by 15.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 356,458 shares of the company’s stock after selling 66,252 shares during the period. UBS Group AG owned about 1.36% of iShares U.S. Financials ETF worth $26,902,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IYF. Fisher Asset Management LLC boosted its stake in iShares U.S. Financials ETF by 58.6% in the third quarter. Fisher Asset Management LLC now owns 1,311,361 shares of the company’s stock valued at $88,582,000 after acquiring an additional 484,568 shares during the period. Prudential Financial Inc. grew its holdings in shares of iShares U.S. Financials ETF by 134.6% during the 2nd quarter. Prudential Financial Inc. now owns 187,845 shares of the company’s stock valued at $13,249,000 after acquiring an additional 107,770 shares in the last quarter. CX Institutional lifted its stake in shares of iShares U.S. Financials ETF by 583.3% in the 3rd quarter. CX Institutional now owns 67,526 shares of the company’s stock valued at $4,561,000 after purchasing an additional 57,643 shares during the last quarter. Brookstone Capital Management acquired a new position in iShares U.S. Financials ETF during the 4th quarter worth $3,661,000. Finally, New Millennium Group LLC lifted its position in iShares U.S. Financials ETF by 36,829.4% during the 4th quarter. New Millennium Group LLC now owns 43,946 shares of the company’s stock worth $3,317,000 after acquiring an additional 43,827 shares during the last quarter.

iShares U.S. Financials ETF Stock Down 1.1 %

NYSEARCA IYF opened at $69.88 on Wednesday. The stock has a market cap of $1.76 billion, a P/E ratio of 9.21 and a beta of 1.03. The company’s 50-day simple moving average is $71.19 and its 200 day simple moving average is $75.70. iShares U.S. Financials ETF has a twelve month low of $66.04 and a twelve month high of $82.30.

About iShares U.S. Financials ETF

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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.