Patten & Patten Inc. TN Sells 3,905 Shares of iShares U.S. Financials ETF (NYSEARCA:IYF)

Patten & Patten Inc. TN decreased its holdings in shares of iShares U.S. Financials ETF (NYSEARCA:IYF) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,610 shares of the company’s stock after selling 3,905 shares during the period. Patten & Patten Inc. TN owned 0.43% of iShares U.S. Financials ETF worth $13,226,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Harbour Investments Inc. raised its stake in iShares U.S. Financials ETF by 122.3% during the 4th quarter. Harbour Investments Inc. now owns 2,877 shares of the company’s stock worth $318,000 after buying an additional 1,583 shares during the period. Tidemark LLC acquired a new position in iShares U.S. Financials ETF during the 4th quarter worth approximately $159,000. Picton Mahoney Asset Management acquired a new position in iShares U.S. Financials ETF during the 4th quarter worth approximately $100,000. May Barnhard Investments LLC acquired a new position in iShares U.S. Financials ETF during the 4th quarter worth approximately $688,000. Finally, Commonwealth Equity Services LLC raised its stake in iShares U.S. Financials ETF by 95.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 241,559 shares of the company’s stock worth $26,712,000 after buying an additional 118,180 shares during the period.

iShares U.S. Financials ETF Stock Performance

IYF stock opened at $110.38 on Friday. The stock’s 50 day simple moving average is $115.07 and its 200 day simple moving average is $111.32. iShares U.S. Financials ETF has a fifty-two week low of $89.10 and a fifty-two week high of $119.90. The company has a market cap of $3.58 billion, a P/E ratio of 15.00 and a beta of 1.08.

iShares U.S. 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.