iShares U.S. Financials ETF (NYSEARCA:IYF) Shares Sold by Rollins Financial Advisors LLC

Rollins Financial Advisors LLC cut its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 8.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,937 shares of the company’s stock after selling 350 shares during the period. Rollins Financial Advisors LLC’s holdings in iShares U.S. Financials ETF were worth $435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IYF. Bank of Montreal Can raised its stake in shares of iShares U.S. Financials ETF by 51.3% in the fourth quarter. Bank of Montreal Can now owns 652,991 shares of the company’s stock valued at $72,208,000 after acquiring an additional 221,383 shares in the last quarter. Trek Financial LLC acquired a new stake in iShares U.S. Financials ETF in the 4th quarter valued at about $5,238,000. Wells Fargo & Company MN raised its position in iShares U.S. Financials ETF by 56.7% in the 4th quarter. Wells Fargo & Company MN now owns 495,995 shares of the company’s stock valued at $54,847,000 after purchasing an additional 179,535 shares in the last quarter. Huntington National Bank boosted its stake in shares of iShares U.S. Financials ETF by 8.0% in the 4th quarter. Huntington National Bank now owns 14,110 shares of the company’s stock valued at $1,560,000 after buying an additional 1,045 shares during the period. Finally, Kesler Norman & Wride LLC grew its position in shares of iShares U.S. Financials ETF by 15.9% during the fourth quarter. Kesler Norman & Wride LLC now owns 10,129 shares of the company’s stock worth $1,120,000 after buying an additional 1,393 shares in the last quarter.

iShares U.S. Financials ETF Stock Down 0.2 %

Shares of NYSEARCA:IYF opened at $99.61 on Tuesday. iShares U.S. Financials ETF has a fifty-two week low of $89.10 and a fifty-two week high of $119.90. The firm’s 50 day moving average price is $114.22 and its 200 day moving average price is $112.29. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 15.34 and a beta of 0.99.

iShares U.S. Financials ETF Company 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.