Stillwater Capital Advisors LLC Lowers Position in iShares US Financials ETF (NYSEARCA:IYF)

Stillwater Capital Advisors LLC cut its stake in shares of iShares US Financials ETF (NYSEARCA:IYF) by 24.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,176 shares of the company’s stock after selling 24,778 shares during the period. iShares US Financials ETF comprises about 2.3% of Stillwater Capital Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Stillwater Capital Advisors LLC owned approximately 0.55% of iShares US Financials ETF worth $9,442,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. HCR Wealth Advisors purchased a new position in shares of iShares US Financials ETF in the second quarter valued at about $207,000. Huntington National Bank lifted its position in shares of iShares US Financials ETF by 5.2% in the second quarter. Huntington National Bank now owns 28,694 shares of the company’s stock valued at $3,604,000 after acquiring an additional 1,412 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of iShares US Financials ETF by 1,349.4% in the second quarter. AE Wealth Management LLC now owns 33,147 shares of the company’s stock valued at $4,163,000 after acquiring an additional 30,860 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of iShares US Financials ETF by 82.1% in the second quarter. Commonwealth Equity Services LLC now owns 146,480 shares of the company’s stock valued at $18,397,000 after acquiring an additional 66,056 shares in the last quarter. Finally, Meridian Wealth Management LLC lifted its position in shares of iShares US Financials ETF by 102.5% in the second quarter. Meridian Wealth Management LLC now owns 1,681 shares of the company’s stock valued at $211,000 after acquiring an additional 851 shares in the last quarter.

Shares of iShares US Financials ETF stock traded down $3.94 during trading hours on Monday, hitting $122.49. The company’s stock had a trading volume of 3,760 shares, compared to its average volume of 253,040. The stock has a 50 day moving average price of $127.06. iShares US Financials ETF has a 12-month low of $99.30 and a 12-month high of $130.15.

iShares US 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.

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Institutional Ownership by Quarter for iShares US Financials ETF (NYSEARCA:IYF)

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