Robertson Stephens Wealth Management LLC Sells 5,899 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

Robertson Stephens Wealth Management LLC decreased its stake in iShares U.S. Financials ETF (NYSEARCA:IYF) by 43.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,666 shares of the company’s stock after selling 5,899 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in iShares U.S. Financials ETF were worth $848,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in iShares U.S. Financials ETF in the 3rd quarter valued at approximately $41,000. Financial Life Planners bought a new position in iShares U.S. Financials ETF in the 4th quarter valued at approximately $42,000. Bogart Wealth LLC lifted its stake in iShares U.S. Financials ETF by 34.2% in the 3rd quarter. Bogart Wealth LLC now owns 416 shares of the company’s stock valued at $43,000 after purchasing an additional 106 shares during the last quarter. Anchor Investment Management LLC lifted its stake in iShares U.S. Financials ETF by 320.0% in the 3rd quarter. Anchor Investment Management LLC now owns 693 shares of the company’s stock valued at $72,000 after purchasing an additional 528 shares during the last quarter. Finally, Concourse Financial Group Securities Inc. lifted its stake in iShares U.S. Financials ETF by 26.5% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 879 shares of the company’s stock valued at $91,000 after purchasing an additional 184 shares during the last quarter.

iShares U.S. Financials ETF Price Performance

Shares of NYSEARCA:IYF opened at $118.67 on Friday. The firm has a 50 day simple moving average of $114.15 and a 200 day simple moving average of $108.42. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. iShares U.S. Financials ETF has a one year low of $86.24 and a one year high of $119.90.

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.