Concurrent Investment Advisors LLC Sells 1,151 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

Concurrent Investment Advisors LLC reduced its stake in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 2.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 52,525 shares of the company’s stock after selling 1,151 shares during the period. Concurrent Investment Advisors LLC owned approximately 0.19% of iShares U.S. Financials ETF worth $5,457,000 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. The Manufacturers Life Insurance Company purchased a new stake in iShares U.S. Financials ETF in the second quarter worth approximately $56,608,000. LPL Financial LLC boosted its stake in shares of iShares U.S. Financials ETF by 21.0% in the 2nd quarter. LPL Financial LLC now owns 475,892 shares of the company’s stock valued at $45,005,000 after purchasing an additional 82,599 shares in the last quarter. Wulff Hansen & CO. grew its holdings in shares of iShares U.S. Financials ETF by 9,357.0% during the 2nd quarter. Wulff Hansen & CO. now owns 262,432 shares of the company’s stock valued at $24,818,000 after purchasing an additional 259,657 shares during the last quarter. Magnus Financial Group LLC raised its position in iShares U.S. Financials ETF by 2.6% in the 3rd quarter. Magnus Financial Group LLC now owns 188,646 shares of the company’s stock worth $19,600,000 after purchasing an additional 4,826 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in iShares U.S. Financials ETF by 133.1% in the first quarter. Osaic Holdings Inc. now owns 186,794 shares of the company’s stock worth $17,879,000 after purchasing an additional 106,650 shares during the last quarter.

iShares U.S. Financials ETF Stock Up 6.8 %

NYSEARCA IYF opened at $114.50 on Thursday. The company has a 50-day simple moving average of $105.20 and a two-hundred day simple moving average of $99.37. iShares U.S. Financials ETF has a 12-month low of $75.12 and a 12-month high of $114.65. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84.

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.