iShares U.S. Financials ETF (NYSEARCA:IYF) Sees Unusually-High Trading Volume

iShares U.S. Financials ETF (NYSEARCA:IYF) shares saw unusually-strong trading volume on Tuesday . Approximately 354,460 shares changed hands during trading, an increase of 123% from the previous session’s volume of 159,108 shares.The stock last traded at $100.47 and had previously closed at $99.44.

iShares U.S. Financials ETF Stock Performance

The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84. The firm has a 50-day moving average price of $94.89 and a two-hundred day moving average price of $91.70.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Global Trust Asset Management LLC grew its stake in shares of iShares U.S. Financials ETF by 81.1% in the 1st quarter. Global Trust Asset Management LLC now owns 335 shares of the company’s stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. Criterion Capital Advisors LLC purchased a new position in shares of iShares U.S. Financials ETF in the 4th quarter valued at approximately $48,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares U.S. Financials ETF in the 2nd quarter valued at approximately $57,000. Bare Financial Services Inc purchased a new position in shares of iShares U.S. Financials ETF in the 4th quarter valued at approximately $59,000. Finally, Principal Securities Inc. purchased a new position in shares of iShares U.S. Financials ETF in the 4th quarter valued at approximately $63,000.

iShares U.S. Financials ETF 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.