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

iShares U.S. Financials ETF (NYSEARCA:IYF) shares saw unusually-strong trading volume on Friday . Approximately 1,058,239 shares changed hands during mid-day trading, an increase of 186% from the previous session’s volume of 369,904 shares.The stock last traded at $127.89 and had previously closed at $126.31.

iShares U.S. Financials ETF Price Performance

The business has a 50 day simple moving average of $123.27 and a 200 day simple moving average of $124.57. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 16.42 and a beta of 0.91.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted its stake in iShares U.S. Financials ETF by 6.4% during the first quarter. Arkadios Wealth Advisors now owns 9,516 shares of the company’s stock worth $1,120,000 after purchasing an additional 571 shares in the last quarter. Royal Bank of Canada lifted its stake in iShares U.S. Financials ETF by 3.1% during the first quarter. Royal Bank of Canada now owns 297,765 shares of the company’s stock worth $35,036,000 after purchasing an additional 8,823 shares in the last quarter. Gateway Wealth Partners LLC lifted its stake in iShares U.S. Financials ETF by 64.2% during the first quarter. Gateway Wealth Partners LLC now owns 2,711 shares of the company’s stock worth $319,000 after purchasing an additional 1,060 shares in the last quarter. Phillip James Consulting Co. acquired a new position in iShares U.S. Financials ETF during the first quarter worth $954,000. Finally, Pacific Sun Financial Corp lifted its stake in iShares U.S. Financials ETF by 7.4% during the first quarter. Pacific Sun Financial Corp now owns 4,811 shares of the company’s stock worth $566,000 after purchasing an additional 330 shares in the last quarter.

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