AE Wealth Management LLC Lowers Position in iShares US Financials ETF (NYSEARCA:IYF)

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AE Wealth Management LLC cut its stake in iShares US Financials ETF (NYSEARCA:IYF) by 80.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,418 shares of the company’s stock after selling 51,256 shares during the quarter. AE Wealth Management LLC’s holdings in iShares US Financials ETF were worth $1,025,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. XML Financial LLC lifted its holdings in iShares US Financials ETF by 7.9% in the third quarter. XML Financial LLC now owns 50,378 shares of the company’s stock worth $4,159,000 after buying an additional 3,675 shares during the period. Magnus Financial Group LLC lifted its holdings in iShares US Financials ETF by 3.0% in the second quarter. Magnus Financial Group LLC now owns 153,112 shares of the company’s stock worth $12,410,000 after buying an additional 4,403 shares during the period. SOA Wealth Advisors LLC. lifted its holdings in iShares US Financials ETF by 6.6% in the third quarter. SOA Wealth Advisors LLC. now owns 4,387 shares of the company’s stock worth $362,000 after buying an additional 270 shares during the period. Occidental Asset Management LLC lifted its holdings in iShares US Financials ETF by 17.6% in the second quarter. Occidental Asset Management LLC now owns 6,166 shares of the company’s stock worth $500,000 after buying an additional 923 shares during the period. Finally, Moloney Securities Asset Management LLC lifted its holdings in iShares US Financials ETF by 0.4% in the third quarter. Moloney Securities Asset Management LLC now owns 43,243 shares of the company’s stock worth $3,570,000 after buying an additional 164 shares during the period.

Shares of IYF opened at $87.07 on Thursday. iShares US Financials ETF has a one year low of $64.95 and a one year high of $90.50. The company has a 50-day simple moving average of $87.53 and a two-hundred day simple moving average of $84.64.

iShares US Financials ETF 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.

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Want to see what other hedge funds are holding IYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares US Financials ETF (NYSEARCA:IYF).

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