Insigneo Advisory Services LLC Sells 649 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

Insigneo Advisory Services LLC cut its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 21.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,420 shares of the company’s stock after selling 649 shares during the quarter. Insigneo Advisory Services LLC’s holdings in iShares U.S. Financials ETF were worth $227,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in IYF. Wulff Hansen & CO. increased its holdings in shares of iShares U.S. Financials ETF by 9,357.0% during the second quarter. Wulff Hansen & CO. now owns 262,432 shares of the company’s stock worth $24,818,000 after purchasing an additional 259,657 shares during the period. Cetera Investment Advisers increased its holdings in shares of iShares U.S. Financials ETF by 1,043.8% during the first 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. Osaic Holdings Inc. increased its holdings in shares of iShares U.S. Financials ETF by 133.1% during the first quarter. Osaic Holdings Inc. now owns 186,794 shares of the company’s stock worth $17,879,000 after purchasing an additional 106,650 shares during the period. LPL Financial LLC increased its holdings in shares of iShares U.S. Financials ETF by 21.0% during the second quarter. LPL Financial LLC now owns 475,892 shares of the company’s stock worth $45,005,000 after purchasing an additional 82,599 shares during the period. Finally, Connectus Wealth LLC bought a new position in shares of iShares U.S. Financials ETF during the fourth quarter worth approximately $7,026,000.

iShares U.S. Financials ETF Price Performance

Shares of NYSEARCA:IYF opened at $103.47 on Friday. The company’s 50 day simple moving average is $101.02 and its 200 day simple moving average is $96.56. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a 1 year low of $70.45 and a 1 year high of $105.20.

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.