iShares U.S. Financials ETF (NYSEARCA:IYF) Shares Sold by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management lowered its position in iShares U.S. Financials ETF (NYSEARCA:IYF) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,755 shares of the company’s stock after selling 1,528 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned 0.11% of iShares U.S. Financials ETF worth $1,975,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV lifted its stake in shares of iShares U.S. Financials ETF by 3.5% during the first quarter. Mercer Global Advisors Inc. ADV now owns 22,417 shares of the company’s stock worth $1,595,000 after purchasing an additional 759 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of iShares U.S. Financials ETF by 224.4% during the first quarter. Jane Street Group LLC now owns 12,356 shares of the company’s stock worth $879,000 after purchasing an additional 8,547 shares in the last quarter. Belpointe Asset Management LLC lifted its stake in shares of iShares U.S. Financials ETF by 20.8% during the first quarter. Belpointe Asset Management LLC now owns 3,310 shares of the company’s stock worth $235,000 after purchasing an additional 570 shares in the last quarter. Lido Advisors LLC lifted its stake in shares of iShares U.S. Financials ETF by 23.7% during the first quarter. Lido Advisors LLC now owns 5,417 shares of the company’s stock worth $385,000 after purchasing an additional 1,038 shares in the last quarter. Finally, PGIM Custom Harvest LLC lifted its stake in shares of iShares U.S. Financials ETF by 41.8% during the first quarter. PGIM Custom Harvest LLC now owns 203,694 shares of the company’s stock worth $14,491,000 after purchasing an additional 60,069 shares in the last quarter.

iShares U.S. Financials ETF Price Performance

Shares of IYF opened at $77.77 on Wednesday. The stock’s 50-day moving average is $77.22 and its two-hundred day moving average is $74.09. The stock has a market cap of $1.89 billion, a PE ratio of 9.21 and a beta of 1.03. iShares U.S. Financials ETF has a 12 month low of $66.04 and a 12 month high of $82.30.

iShares U.S. Financials ETF 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.