Stratos Wealth Partners LTD. Decreases Stake in iShares U.S. Financials ETF (NYSEARCA:IYF)

Stratos Wealth Partners LTD. cut its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 37.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,127 shares of the company’s stock after selling 2,443 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in iShares U.S. Financials ETF were worth $466,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in IYF. Schroder Investment Management Group grew its holdings in iShares U.S. Financials ETF by 326.7% during the 4th quarter. Schroder Investment Management Group now owns 1,118,327 shares of the company’s stock worth $123,653,000 after acquiring an additional 856,252 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of iShares U.S. Financials ETF by 56.0% during the 4th quarter. Hsbc Holdings PLC now owns 1,023,916 shares of the company’s stock worth $113,225,000 after purchasing an additional 367,508 shares during the last quarter. Bank of Montreal Can grew its stake in shares of iShares U.S. Financials ETF by 51.3% during the fourth quarter. Bank of Montreal Can now owns 652,991 shares of the company’s stock worth $72,208,000 after purchasing an additional 221,383 shares in the last quarter. Wells Fargo & Company MN increased its holdings in iShares U.S. Financials ETF by 56.7% in the fourth quarter. Wells Fargo & Company MN now owns 495,995 shares of the company’s stock valued at $54,847,000 after buying an additional 179,535 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in iShares U.S. Financials ETF in the fourth quarter valued at $19,475,000.

iShares U.S. Financials ETF Price Performance

Shares of NYSEARCA IYF opened at $122.15 on Tuesday. The business has a 50-day moving average of $117.21 and a two-hundred day moving average of $113.96. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 16.42 and a beta of 1.03. iShares U.S. Financials ETF has a 1 year low of $92.83 and a 1 year high of $123.11.

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.