iShares U.S. Financials ETF (NYSEARCA:IYF) Sees Strong Trading Volume

iShares U.S. Financials ETF (NYSEARCA:IYF) saw unusually-high trading volume on Thursday . Approximately 225,311 shares were traded during trading, an increase of 22% from the previous session’s volume of 184,609 shares.The stock last traded at $104.13 and had previously closed at $103.13.

iShares U.S. Financials ETF Stock Performance

The firm has a market capitalization of $2.89 billion, a PE ratio of 16.14 and a beta of 0.84. The firm has a fifty day moving average of $100.77 and a 200 day moving average of $96.23.

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

Hedge funds have recently bought and sold shares of the business. Mitchell Sinkler & Starr PA acquired a new stake in iShares U.S. Financials ETF during the 4th quarter valued at approximately $67,000. Connectus Wealth LLC acquired a new stake in iShares U.S. Financials ETF during the 4th quarter valued at approximately $7,026,000. FineMark National Bank & Trust acquired a new stake in iShares U.S. Financials ETF during the 4th quarter valued at approximately $224,000. HCR Wealth Advisors acquired a new position in shares of iShares U.S. Financials ETF in the 4th quarter worth approximately $336,000. Finally, Hsbc Holdings PLC acquired a new position in shares of iShares U.S. Financials ETF in the 4th quarter worth approximately $1,260,000.

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.