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

iShares U.S. Financials ETF (NYSEARCA:IYF) shares saw an uptick in trading volume on Wednesday . 499,724 shares traded hands during mid-day trading, an increase of 49% from the previous session’s volume of 335,831 shares.The stock last traded at $117.61 and had previously closed at $117.13.

iShares U.S. Financials ETF Stock Down 0.4 %

The firm has a 50 day moving average price of $114.15 and a 200 day moving average price of $108.42. The stock has a market capitalization of $3.29 billion, a PE ratio of 16.14 and a beta of 0.84.

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

A number of large investors have recently added to or reduced their stakes in IYF. Private Trust Co. NA lifted its stake in iShares U.S. Financials ETF by 50.5% in the fourth quarter. Private Trust Co. NA now owns 301 shares of the company’s stock worth $33,000 after acquiring an additional 101 shares during the period. Kestra Investment Management LLC bought a new stake in iShares U.S. Financials ETF during the 4th quarter valued at approximately $34,000. Newbridge Financial Services Group Inc. bought a new position in iShares U.S. Financials ETF in the fourth quarter worth $37,000. Stonebridge Financial Group LLC purchased a new position in iShares U.S. Financials ETF during the 4th quarter valued at about $37,000. Finally, Capital Performance Advisors LLP purchased a new stake in iShares U.S. Financials ETF in the third quarter worth about $41,000.

About iShares U.S. Financials ETF

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.