Grimes & Company Inc. Trims Position in iShares Dow Jones US Financial (NYSEARCA:IYF)

Grimes & Company Inc. trimmed its holdings in iShares Dow Jones US Financial (NYSEARCA:IYF) by 73.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,240 shares of the company’s stock after selling 99,393 shares during the quarter. Grimes & Company Inc. owned about 0.20% of iShares Dow Jones US Financial worth $4,328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Meridian Wealth Management LLC acquired a new stake in shares of iShares Dow Jones US Financial during the 4th quarter worth approximately $204,000. Flagship Harbor Advisors LLC acquired a new stake in iShares Dow Jones US Financial in the 4th quarter valued at approximately $215,000. Baltimore Washington Financial Advisors Inc. acquired a new stake in iShares Dow Jones US Financial in the 4th quarter valued at approximately $233,000. Evanson Asset Management LLC acquired a new stake in iShares Dow Jones US Financial in the 4th quarter valued at approximately $311,000. Finally, CIBC World Markets Inc. acquired a new stake in iShares Dow Jones US Financial in the 4th quarter valued at approximately $354,000.

iShares Dow Jones US Financial (IYF) traded up $1.66 during trading hours on Wednesday, hitting $120.29. 144,965 shares of the company’s stock traded hands, compared to its average volume of 390,380. The firm has a market capitalization of $2,050.00 and a P/E ratio of 20.28. iShares Dow Jones US Financial has a fifty-two week low of $101.16 and a fifty-two week high of $126.54.

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iShares Dow Jones US Financial 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.

Institutional Ownership by Quarter for iShares Dow Jones US Financial (NYSEARCA:IYF)

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