iShares U.S. Financials ETF (NYSEARCA:IYF) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares U.S. Financials ETF (NYSEARCA:IYF) saw unusually-strong trading volume on Wednesday . 1,071,456 shares were traded during mid-day trading, an increase of 197% from the previous session’s volume of 360,444 shares.The stock last traded at $133.50 and had previously closed at $133.25.

iShares U.S. Financials ETF Trading Up 0.0%

The firm’s 50-day moving average price is $127.48 and its two-hundred day moving average price is $125.12. The stock has a market cap of $4.36 billion, a PE ratio of 16.42 and a beta of 0.90.

Institutional Trading of iShares U.S. Financials ETF

A number of hedge funds have recently bought and sold shares of IYF. Flagship Harbor Advisors LLC purchased a new position in shares of iShares U.S. Financials ETF in the 4th quarter valued at $26,000. Key Capital Management INC purchased a new stake in shares of iShares U.S. Financials ETF during the 4th quarter worth $28,000. Financial Life Planners purchased a new stake in shares of iShares U.S. Financials ETF during the 1st quarter worth $25,000. Hazlett Burt & Watson Inc. boosted its position in iShares U.S. Financials ETF by 666.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 230 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in iShares U.S. Financials ETF during the fourth 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.