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

Shares of iShares U.S. Financials ETF (NYSEARCA:IYF) saw unusually-high trading volume on Wednesday . Approximately 451,760 shares traded hands during trading, an increase of 199% from the previous session’s volume of 151,021 shares.The stock last traded at $96.21 and had previously closed at $95.84.

iShares U.S. Financials ETF Stock Up 0.5 %

The firm has a fifty day moving average price of $94.45 and a two-hundred day moving average price of $91.34. The stock has a market capitalization of $2.67 billion, a P/E ratio of 16.14 and a beta of 0.84.

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

Several large investors have recently bought and sold shares of IYF. Apeiron RIA LLC boosted its position in iShares U.S. Financials ETF by 11.4% in the fourth quarter. Apeiron RIA LLC now owns 3,367 shares of the company’s stock worth $288,000 after purchasing an additional 344 shares during the last quarter. Private Advisor Group LLC boosted its position in iShares U.S. Financials ETF by 24.0% in the fourth quarter. Private Advisor Group LLC now owns 39,150 shares of the company’s stock worth $3,344,000 after purchasing an additional 7,569 shares during the last quarter. Mitchell Sinkler & Starr PA purchased a new position in iShares U.S. Financials ETF in the fourth quarter worth about $67,000. Apexium Financial LP purchased a new position in iShares U.S. Financials ETF in the fourth quarter worth about $771,000. Finally, Bare Financial Services Inc purchased a new position in iShares U.S. Financials ETF in the fourth quarter worth about $59,000.

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.