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

iShares U.S. Financial Services ETF (NYSEARCA:IYG) saw unusually-high trading volume on Friday . Approximately 24,049 shares changed hands during 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 Trading Down 0.4 %

The stock has a market capitalization of $1.33 billion, a PE ratio of 5.95 and a beta of 0.91. The firm’s fifty day moving average price is $65.28 and its two-hundred day moving average price is $63.31.

Hedge Funds Weigh In On iShares U.S. Financial Services ETF

Several institutional investors have recently made changes to their positions in IYG. Indiana Trust & Investment Management CO increased its holdings in iShares U.S. Financial Services ETF by 100.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 402 shares of the company’s stock worth $27,000 after acquiring an additional 201 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in iShares U.S. Financial Services ETF in the 4th quarter worth $29,000. Fortis Group Advisors LLC increased its holdings in iShares U.S. Financial Services ETF by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 160 shares of the company’s stock worth $29,000 after acquiring an additional 80 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in iShares U.S. Financial Services ETF by 200.0% in the 1st quarter. Salem Investment Counselors Inc. now owns 450 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in iShares U.S. Financial Services ETF by 159.8% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 634 shares of the company’s stock worth $42,000 after acquiring an additional 390 shares in 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.