Creative Planning Reduces Stake in iShares U.S. Financials ETF

During the third quarter, Creative Planning made a notable adjustment to its investment portfolio by reducing its holdings in the iShares U.S. Financials ETF (NYSEARCA:IYF – Free Report) by 3.6%. According to the latest filing with the Securities and Exchange Commission (SEC), Creative Planning owned 14,523 shares of iShares U.S. Financials ETF after selling 547 shares during this period. At the end of the most recent quarter, the value of Creative Planning's holdings in the fund was approximately $1,509,000.

Other institutional investors and hedge funds have also been active in modifying their stakes in the iShares U.S. Financials ETF. For instance, Empirical Asset Management LLC increased its investment by 8.3% during the third quarter, owning 6,547 shares valued at $680,000 after acquiring an additional 500 shares. Similarly, Darrow Company Inc. took a new position in the ETF, valued at about $213,000, during the same quarter.

Additionally, Concourse Financial Group Securities Inc. grew its holdings by 26.5%, owning 879 shares worth $91,000 after purchasing 184 more shares in the last quarter. Retirement Planning Group LLC also raised its position by 13.3%, bringing its total to 2,961 shares, valued at $308,000, after buying an additional 348 shares. HCR Wealth Advisors increased its stake by 5.0%, resulting in ownership of 4,124 shares valued at $429,000 after acquiring 195 additional shares during the last quarter.

Current Market Status of iShares U.S. Financials ETF

The iShares U.S. Financials ETF opened at $108.20 on the market recently. The ETF has a market capitalization of $3.00 billion, a price-to-earnings (P/E) ratio of 16.14, and a beta of 0.84. Over the past year, the ETF has seen a low of $70.97 and a high of $110.10. Its 50-day moving average price is currently $104.49, while the 200-day moving average price stands at $98.67.

About iShares U.S. Financials ETF

The iShares U.S. Financials ETF, previously known as the iShares Dow Jones U.S. Financial Sector Index Fund, aims to match the performance of the Dow Jones U.S. Financials Index. This index tracks the performance of the financial sector within the U.S. equity market, encompassing companies involved in various industries, including banking, insurance, real estate, and general finance.

Investment, ETF, Finance