Oppenheimer & Co. Inc. lowered its stake in shares of iShares US Financials ETF (NYSEARCA:IYF) by 23.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,706 shares of the company’s stock after selling 1,125 shares during the period. Oppenheimer & Co. Inc.’s holdings in iShares US Financials ETF were worth $465,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of IYF. TCG Advisors LP acquired a new position in shares of iShares US Financials ETF in the 1st quarter valued at about $27,000. Berman Capital Advisors LLC increased its position in iShares US Financials ETF by 65.3% during the 1st quarter. Berman Capital Advisors LLC now owns 248 shares of the company’s stock worth $29,000 after purchasing an additional 98 shares in the last quarter. CX Institutional purchased a new position in iShares US Financials ETF in the second quarter valued at approximately $50,000. Meridian Wealth Management LLC purchased a new position in iShares US Financials ETF in the first quarter valued at approximately $98,000. Finally, NEXT Financial Group Inc raised its holdings in iShares US Financials ETF by 230.5% in the second quarter. NEXT Financial Group Inc now owns 909 shares of the company’s stock valued at $114,000 after buying an additional 634 shares during the period.
IYF stock traded down $0.08 during midday trading on Wednesday, reaching $128.26. 2,451 shares of the company’s stock traded hands, compared to its average volume of 242,962. iShares US Financials ETF has a fifty-two week low of $99.30 and a fifty-two week high of $130.15. The business has a 50-day moving average price of $125.84 and a two-hundred day moving average price of $123.58.
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.
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