Acropolis Investment Management LLC cut its stake in shares of iShares Dow Jones US Financial (NYSEARCA:IYF) by 68.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,921 shares of the company’s stock after selling 8,411 shares during the period. Acropolis Investment Management LLC’s holdings in iShares Dow Jones US Financial were worth $468,000 as of its most recent SEC filing.
Separately, Confluence Investment Management LLC grew its holdings in shares of iShares Dow Jones US Financial by 1.0% in the fourth quarter. Confluence Investment Management LLC now owns 45,801 shares of the company’s stock valued at $5,470,000 after purchasing an additional 449 shares in the last quarter.
Shares of iShares Dow Jones US Financial (NYSEARCA IYF) traded down $2.47 during trading on Friday, reaching $122.99. 1,027,164 shares of the company were exchanged, compared to its average volume of 324,759. iShares Dow Jones US Financial has a one year low of $101.16 and a one year high of $126.54. The stock has a market capitalization of $2,200.00 and a P/E ratio of 21.02.
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About iShares Dow Jones US Financial
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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