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

iShares U.S. Financials ETF (NYSEARCA:IYF) saw an uptick in trading volume on Thursday . Approximately 843,202 shares changed hands during mid-day trading, an increase of 129% from the previous session’s volume of 367,835 shares.The stock last traded at $133.80 and had previously closed at $134.18.

iShares U.S. Financials ETF Stock Down 0.6%

The firm has a market capitalization of $4.55 billion, a P/E ratio of 16.42 and a beta of 0.90. The firm’s 50-day simple moving average is $128.93 and its 200-day simple moving average is $125.25.

Institutional Trading of iShares U.S. Financials ETF

Hedge funds have recently made changes to their positions in the stock. Financial Life Planners bought a new position in iShares U.S. Financials ETF in the first quarter valued at $25,000. Flagship Harbor Advisors LLC bought a new stake in iShares U.S. Financials ETF during the fourth quarter worth about $26,000. Key Capital Management INC purchased a new position in shares of iShares U.S. Financials ETF in the 4th quarter worth about $28,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of iShares U.S. Financials ETF by 666.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 230 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of iShares U.S. Financials ETF during the 4th quarter valued at about $32,000.

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.