iShares U.S. Financials ETF (NYSEARCA:IYF) Sees Unusually-High Trading Volume – Here’s What Happened

iShares U.S. Financials ETF (NYSEARCA:IYF) shares saw strong trading volume on Thursday . 356,087 shares traded hands during mid-day trading, an increase of 77% from the previous session’s volume of 201,729 shares.The stock last traded at $113.38 and had previously closed at $114.52.

iShares U.S. Financials ETF Stock Performance

The stock’s 50 day moving average price is $105.20 and its 200 day moving average price is $99.37. The company has a market capitalization of $3.13 billion, a P/E ratio of 16.14 and a beta of 0.84.

Institutional Trading of iShares U.S. Financials ETF

Institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company bought a new position in shares of iShares U.S. Financials ETF during the 2nd quarter worth approximately $56,608,000. LPL Financial LLC grew its holdings in iShares U.S. Financials ETF by 21.0% in the second quarter. LPL Financial LLC now owns 475,892 shares of the company’s stock worth $45,005,000 after purchasing an additional 82,599 shares during the period. Wulff Hansen & CO. increased its stake in iShares U.S. Financials ETF by 9,357.0% in the second quarter. Wulff Hansen & CO. now owns 262,432 shares of the company’s stock valued at $24,818,000 after purchasing an additional 259,657 shares in the last quarter. Magnus Financial Group LLC increased its stake in iShares U.S. Financials ETF by 2.6% in the third quarter. Magnus Financial Group LLC now owns 188,646 shares of the company’s stock valued at $19,600,000 after purchasing an additional 4,826 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of iShares U.S. Financials ETF by 133.1% during the 1st quarter. Osaic Holdings Inc. now owns 186,794 shares of the company’s stock worth $17,879,000 after purchasing an additional 106,650 shares in the last quarter.

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.