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

iShares U.S. Financials ETF (NYSEARCA:IYF) saw unusually-high trading volume on Wednesday . Approximately 555,567 shares changed hands during mid-day trading, an increase of 36% from the previous session’s volume of 409,852 shares.The stock last traded at $115.54 and had previously closed at $114.98.

iShares U.S. Financials ETF Trading Down 0.6 %

The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 15.00 and a beta of 1.08. The stock’s 50 day moving average is $115.38 and its two-hundred day moving average is $111.86.

Institutional Investors Weigh In On iShares U.S. Financials ETF

Several hedge funds have recently made changes to their positions in IYF. Park Avenue Securities LLC raised its stake in iShares U.S. Financials ETF by 36.4% during the 4th quarter. Park Avenue Securities LLC now owns 3,048 shares of the company’s stock valued at $337,000 after acquiring an additional 813 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of iShares U.S. Financials ETF by 16.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 53,268 shares of the company’s stock worth $5,890,000 after purchasing an additional 7,441 shares during the period. Merit Financial Group LLC acquired a new stake in shares of iShares U.S. Financials ETF during the fourth quarter worth $523,000. IFP Advisors Inc grew its position in iShares U.S. Financials ETF by 569.1% in the 4th quarter. IFP Advisors Inc now owns 736 shares of the company’s stock valued at $81,000 after buying an additional 626 shares during the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in iShares U.S. Financials ETF in the 4th quarter valued at $210,000.

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.