CoreCap Advisors LLC Sells 21,355 Shares of iShares U.S. Financials ETF $IYF

CoreCap Advisors LLC cut its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 60.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,163 shares of the company’s stock after selling 21,355 shares during the quarter. CoreCap Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $1,826,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PUREfi Wealth LLC purchased a new stake in shares of iShares U.S. Financials ETF in the fourth quarter valued at approximately $405,000. Centerline Wealth Advisors LLC bought a new position in iShares U.S. Financials ETF in the fourth quarter worth approximately $5,353,000. Traveka Wealth LLC purchased a new position in iShares U.S. Financials ETF during the 4th quarter worth $646,000. Wealth Enhancement Advisory Services LLC increased its holdings in iShares U.S. Financials ETF by 3.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,408 shares of the company’s stock worth $1,517,000 after purchasing an additional 342 shares during the period. Finally, Cyndeo Wealth Partners LLC raised its position in iShares U.S. Financials ETF by 149.5% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 17,451 shares of the company’s stock valued at $2,250,000 after purchasing an additional 10,456 shares in the last quarter.

iShares U.S. Financials ETF Trading Down 2.3%

Shares of IYF stock opened at $113.98 on Friday. iShares U.S. Financials ETF has a twelve month low of $95.34 and a twelve month high of $133.54. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 16.42 and a beta of 1.02. The stock has a fifty day simple moving average of $123.06 and a two-hundred day simple moving average of $125.02.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.