Geneos Wealth Management Inc. Reduces Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Geneos Wealth Management Inc. trimmed its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,514 shares of the company’s stock after selling 441 shares during the period. Geneos Wealth Management Inc. owned approximately 0.09% of iShares U.S. Financials ETF worth $2,345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of IYF. International Assets Investment Management LLC bought a new stake in iShares U.S. Financials ETF during the 4th quarter worth approximately $7,062,000. Connectus Wealth LLC bought a new position in shares of iShares U.S. Financials ETF in the fourth quarter worth $7,026,000. Norden Group LLC purchased a new stake in shares of iShares U.S. Financials ETF in the first quarter worth $6,681,000. Pinkerton Retirement Specialists LLC purchased a new stake in shares of iShares U.S. Financials ETF in the fourth quarter worth $4,913,000. Finally, Brookstone Capital Management boosted its stake in iShares U.S. Financials ETF by 812.2% during the first quarter. Brookstone Capital Management now owns 58,953 shares of the company’s stock valued at $5,639,000 after buying an additional 52,490 shares during the period.

iShares U.S. Financials ETF Price Performance

NYSEARCA IYF traded up $1.01 during trading on Thursday, reaching $97.71. The company’s stock had a trading volume of 168,615 shares, compared to its average volume of 151,496. The firm has a fifty day moving average of $94.55 and a 200 day moving average of $91.38. iShares U.S. Financials ETF has a one year low of $70.45 and a one year high of $97.76. The stock has a market capitalization of $2.71 billion, a PE 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.