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

iShares U.S. Financials ETF (NYSEARCA:IYF) saw unusually-strong trading volume on Monday . 765,664 shares traded hands during trading, an increase of 111% from the previous session’s volume of 363,198 shares.The stock last traded at $133.14 and had previously closed at $131.89.

iShares U.S. Financials ETF Stock Performance

The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 16.42 and a beta of 0.90. The business has a fifty day moving average price of $125.52 and a 200 day moving average price of $124.88.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares U.S. Financials ETF by 488.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock valued at $504,583,000 after purchasing an additional 3,248,510 shares in the last quarter. Dynasty Wealth Management LLC increased its position in iShares U.S. Financials ETF by 545.2% during the 4th quarter. Dynasty Wealth Management LLC now owns 1,762,552 shares of the company’s stock worth $227,246,000 after purchasing an additional 1,489,376 shares in the last quarter. Hsbc Holdings PLC purchased a new position in iShares U.S. Financials ETF in the fourth quarter valued at approximately $103,827,000. JPMorgan Chase & Co. raised its holdings in iShares U.S. Financials ETF by 184.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,053,341 shares of the company’s stock valued at $135,807,000 after buying an additional 682,543 shares during the period. Finally, Bank of Montreal Can lifted its position in iShares U.S. Financials ETF by 1,275.8% during the third quarter. Bank of Montreal Can now owns 699,898 shares of the company’s stock valued at $88,635,000 after buying an additional 649,026 shares in the last quarter.

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.