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

Shares of iShares U.S. Financials ETF (NYSEARCA:IYF) saw unusually-high trading volume on Thursday . Approximately 356,087 shares traded hands during 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 company has a fifty day moving average of $105.20 and a two-hundred day moving average of $99.37. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84.

Institutional Trading of iShares U.S. Financials ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC increased its stake in shares of iShares U.S. Financials ETF by 436.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 268 shares of the company’s stock valued at $25,000 after buying an additional 218 shares during the period. Rothschild Investment LLC bought a new position in shares of iShares U.S. Financials ETF during the second quarter valued at $25,000. Capital Performance Advisors LLP acquired a new position in shares of iShares U.S. Financials ETF during the third quarter worth $41,000. Bogart Wealth LLC grew its stake in shares of iShares U.S. Financials ETF by 34.2% in the third quarter. Bogart Wealth LLC now owns 416 shares of the company’s stock worth $43,000 after purchasing an additional 106 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in iShares U.S. Financials ETF in the second quarter valued at $57,000.

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.