Renaissance Technologies LLC Sells 10,000 Shares of iShares U.S. Financials ETF $IYF

Renaissance Technologies LLC lessened its holdings in iShares U.S. Financials ETF (NYSEARCA:IYF) by 63.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,700 shares of the company’s stock after selling 10,000 shares during the period. Renaissance Technologies LLC’s holdings in iShares U.S. Financials ETF were worth $671,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IYF. AQR Capital Management LLC bought a new stake in iShares U.S. Financials ETF in the 1st quarter valued at $426,000. Integrated Wealth Concepts LLC boosted its holdings in shares of iShares U.S. Financials ETF by 45.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,282 shares of the company’s stock valued at $483,000 after purchasing an additional 1,343 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of iShares U.S. Financials ETF during the first quarter valued at about $247,000. Focus Partners Wealth grew its position in shares of iShares U.S. Financials ETF by 8.6% during the first quarter. Focus Partners Wealth now owns 2,093 shares of the company’s stock valued at $236,000 after purchasing an additional 165 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of iShares U.S. Financials ETF by 33.7% during the second quarter. First Trust Advisors LP now owns 2,557 shares of the company’s stock valued at $309,000 after purchasing an additional 645 shares in the last quarter.

iShares U.S. Financials ETF Stock Performance

Shares of IYF stock opened at $138.29 on Monday. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 16.42 and a beta of 0.89. iShares U.S. Financials ETF has a 12-month low of $113.62 and a 12-month high of $138.79. The stock’s 50-day moving average price is $132.20 and its 200-day moving average price is $125.92.

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.