iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sees Large Volume Increase

Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) saw unusually-high trading volume on Friday . Approximately 24,049 shares traded hands during mid-day trading, a decline of 60% from the previous session’s volume of 60,229 shares.The stock last traded at $65.84 and had previously closed at $66.00.

iShares U.S. Financial Services ETF Price Performance

The firm’s 50 day moving average price is $65.28 and its 200-day moving average price is $63.31. The stock has a market cap of $1.33 billion, a P/E ratio of 5.95 and a beta of 0.91.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Indiana Trust & Investment Management CO raised its holdings in shares of iShares U.S. Financial Services ETF by 100.0% during the first quarter. Indiana Trust & Investment Management CO now owns 402 shares of the company’s stock valued at $27,000 after purchasing an additional 201 shares during the last quarter. CWM LLC raised its holdings in shares of iShares U.S. Financial Services ETF by 212.6% during the first quarter. CWM LLC now owns 14,882 shares of the company’s stock valued at $987,000 after purchasing an additional 10,121 shares during the last quarter. ICA Group Wealth Management LLC purchased a new position in shares of iShares U.S. Financial Services ETF during the fourth quarter valued at approximately $110,000. Salem Investment Counselors Inc. raised its holdings in shares of iShares U.S. Financial Services ETF by 200.0% during the first quarter. Salem Investment Counselors Inc. now owns 450 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in iShares U.S. Financial Services ETF by 200.0% during the first quarter. GAMMA Investing LLC now owns 927 shares of the company’s stock valued at $61,000 after buying an additional 618 shares during the last quarter.

iShares U.S. Financial Services ETF Company Profile

iShares U.S. Financial Services ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Financial Services Index (the Underlying Index). The Underlying Index measures the performance of the financial services sector of the United States equity market.