Corient Private Wealth LLC Lowers Stock Position in iShares U.S. Financials ETF (NYSEARCA:IYF)

Corient Private Wealth LLC trimmed its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 11.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,969 shares of the company’s stock after selling 2,313 shares during the period. Corient Private Wealth LLC’s holdings in iShares U.S. Financials ETF were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of Montreal Can lifted its stake in shares of iShares U.S. Financials ETF by 705.1% in the third quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock valued at $44,658,000 after purchasing an additional 377,999 shares during the period. Raymond James Financial Inc. purchased a new position in iShares U.S. Financials ETF in the fourth quarter valued at about $19,475,000. The Manufacturers Life Insurance Company lifted its position in shares of iShares U.S. Financials ETF by 28.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 769,351 shares of the company’s stock valued at $79,936,000 after acquiring an additional 170,769 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of iShares U.S. Financials ETF by 95.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 241,559 shares of the company’s stock worth $26,712,000 after acquiring an additional 118,180 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC grew its holdings in shares of iShares U.S. Financials ETF by 93.1% in the 4th quarter. MinichMacGregor Wealth Management LLC now owns 181,005 shares of the company’s stock worth $20,016,000 after acquiring an additional 87,248 shares during the period.

iShares U.S. Financials ETF Stock Performance

iShares U.S. Financials ETF stock opened at $114.34 on Tuesday. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 15.00 and a beta of 1.08. iShares U.S. Financials ETF has a fifty-two week low of $89.10 and a fifty-two week high of $119.90. The stock’s fifty day moving average is $115.31 and its two-hundred day moving average is $111.73.

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.