iShares U.S. Financials ETF (NYSEARCA:IYF) Sees Strong Trading Volume – Should You Buy?

iShares U.S. Financials ETF (NYSEARCA:IYF) saw unusually-high trading volume on Wednesday . Approximately 499,724 shares were traded during mid-day trading, an increase of 49% from the previous session’s volume of 335,831 shares.The stock last traded at $117.61 and had previously closed at $117.13.

iShares U.S. Financials ETF Stock Performance

The business has a fifty day simple moving average of $114.17 and a 200 day simple moving average of $108.28. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 16.14 and a beta of 0.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Private Trust Co. NA grew its stake in iShares U.S. Financials ETF by 50.5% during the fourth quarter. Private Trust Co. NA now owns 301 shares of the company’s stock worth $33,000 after buying an additional 101 shares during the period. Kestra Investment Management LLC acquired a new stake in iShares U.S. Financials ETF in the fourth quarter valued at $34,000. Newbridge Financial Services Group Inc. bought a new position in iShares U.S. Financials ETF during the 4th quarter valued at $37,000. Stonebridge Financial Group LLC bought a new position in iShares U.S. Financials ETF during the 4th quarter valued at $37,000. Finally, Arlington Trust Co LLC acquired a new position in iShares U.S. Financials ETF during the 4th quarter worth $41,000.

About iShares U.S. Financials ETF

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.