iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sees Unusually-High Trading Volume – What’s Next?

Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYGGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 363,384 shares traded hands during trading, an increase of 193% from the previous session’s volume of 124,228 shares.The stock last traded at $86.83 and had previously closed at $87.53.

iShares U.S. Financial Services ETF Stock Down 0.8%

The company has a market cap of $1.98 billion, a P/E ratio of 18.95 and a beta of 0.98. The stock has a 50 day moving average price of $85.54 and a two-hundred day moving average price of $88.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of iShares U.S. Financial Services ETF by 234.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,031,721 shares of the company’s stock worth $95,176,000 after buying an additional 723,555 shares in the last quarter. OpenArc Corporate Advisory LLC bought a new position in iShares U.S. Financial Services ETF during the fourth quarter worth about $55,635,000. Sagespring Wealth Partners LLC bought a new position in iShares U.S. Financial Services ETF during the fourth quarter worth about $53,175,000. Dynasty Wealth Management LLC acquired a new stake in iShares U.S. Financial Services ETF in the 4th quarter worth about $49,084,000. Finally, Kozak & Associates Inc. raised its stake in iShares U.S. Financial Services ETF by 30.8% in the 3rd quarter. Kozak & Associates Inc. now owns 417,733 shares of the company’s stock worth $35,875,000 after purchasing an additional 98,267 shares in the last quarter.

About iShares U.S. Financial Services ETF

(Get Free Report)

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. It is a subset of the Dow Jones U.S. Financials Index. The Underlying Index includes components of subsectors in the Dow Jones U.S.

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