Wealthstar Advisors LLC Sells 6,015 Shares of iShares U.S. Financials ETF $IYF

Wealthstar Advisors LLC reduced its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 28.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,928 shares of the company’s stock after selling 6,015 shares during the period. iShares U.S. Financials ETF accounts for about 0.8% of Wealthstar Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Wealthstar Advisors LLC owned about 0.05% of iShares U.S. Financials ETF worth $1,756,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Financial Life Planners purchased a new stake in iShares U.S. Financials ETF in the first quarter worth about $25,000. Ransom Advisory Ltd purchased a new position in shares of iShares U.S. Financials ETF during the fourth quarter valued at approximately $26,000. Flagship Harbor Advisors LLC purchased a new position in shares of iShares U.S. Financials ETF during the fourth quarter valued at approximately $26,000. Key Capital Management INC bought a new stake in shares of iShares U.S. Financials ETF in the 4th quarter worth approximately $28,000. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of iShares U.S. Financials ETF by 666.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 230 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter.

iShares U.S. Financials ETF Price Performance

iShares U.S. Financials ETF stock opened at $131.89 on Friday. iShares U.S. Financials ETF has a twelve month low of $113.62 and a twelve month high of $133.54. The company has a market capitalization of $4.04 billion, a P/E ratio of 16.42 and a beta of 0.90. The stock’s 50 day moving average is $125.12 and its 200 day moving average is $124.84.

About iShares U.S. Financials ETF

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.