First Merchants Corp lessened its stake in shares of iShares U.S. Financials ETF ( NYSEARCA:IYF – Free Report ) by 12.3% during the second quarter, Holdings Channel.com reports. The fund owned 3,304 shares of the company's stock after selling 465 shares during the period. First Merchants Corp's holdings in iShares U.S. Financials ETF were worth $247,000 at the end of the most recent reporting period. A number of other hedge funds have also made changes to their positions in IYF. 1832 Asset Management L.

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