Somerset Group LLC Lowers Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Somerset Group LLC lessened its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,848 shares of the company’s stock after selling 132 shares during the period. iShares U.S. Financials ETF comprises approximately 2.3% of Somerset Group LLC’s investment portfolio, making the stock its 15th largest holding. Somerset Group LLC’s holdings in iShares U.S. Financials ETF were worth $2,527,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Millstone Evans Group LLC purchased a new position in shares of iShares U.S. Financials ETF during the 4th quarter valued at approximately $299,000. One Charles Private Wealth Services LLC lifted its position in shares of iShares U.S. Financials ETF by 2.5% during the 4th quarter. One Charles Private Wealth Services LLC now owns 9,792 shares of the company’s stock valued at $1,083,000 after buying an additional 240 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of iShares U.S. Financials ETF during the 4th quarter valued at approximately $39,000. Glenview Trust co lifted its position in shares of iShares U.S. Financials ETF by 34.4% during the 4th quarter. Glenview Trust co now owns 7,924 shares of the company’s stock valued at $876,000 after buying an additional 2,029 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of iShares U.S. Financials ETF by 122.3% during the 4th quarter. Harbour Investments Inc. now owns 2,877 shares of the company’s stock valued at $318,000 after buying an additional 1,583 shares in the last quarter.

iShares U.S. Financials ETF Price Performance

Shares of NYSEARCA:IYF opened at $112.23 on Friday. iShares U.S. Financials ETF has a 1 year low of $89.10 and a 1 year high of $119.90. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 15.00 and a beta of 1.08. The business’s 50 day moving average price is $115.21 and its 200-day moving average price is $111.59.

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.