iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sees Unusually-High Trading Volume – What’s Next?

Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) saw unusually-strong trading volume on Thursday. Approximately 477,272 shares changed hands during mid-day trading, an increase of 329% from the previous session’s volume of 111,237 shares. The stock last traded at $90.9780 and had previously closed at $90.43.

iShares U.S. Financial Services ETF Price Performance

The company’s 50-day moving average price is $95.40 and its 200-day moving average price is $91.05. The company has a market cap of $2.12 billion, a P/E ratio of 18.95 and a beta of 0.98.

Hedge Funds Weigh In On iShares U.S. Financial Services ETF

A number of large investors have recently added to or reduced their stakes in IYG. Avidian Wealth Enterprises LLC acquired a new stake in shares of iShares U.S. Financial Services ETF in the 3rd quarter valued at about $334,000. Rosenberg Matthew Hamilton acquired a new position in shares of iShares U.S. Financial Services ETF during the third quarter worth about $81,000. Ferguson Wellman Capital Management Inc. acquired a new position in shares of iShares U.S. Financial Services ETF during the third quarter worth about $13,232,000. CX Institutional bought a new position in shares of iShares U.S. Financial Services ETF during the third quarter worth about $27,000. Finally, Roxbury Financial LLC bought a new position in shares of iShares U.S. Financial Services ETF during the third quarter worth about $27,000.

iShares U.S. Financial Services ETF Company Profile

iShares U.S. Financial Services ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Financial Services Index (the Underlying Index). The Underlying Index measures the performance of the financial services sector of the United States equity market. It is a subset of the Dow Jones U.S. Financials Index. The Underlying Index includes components of subsectors in the Dow Jones U.S.