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

iShares U.S. Financials ETF (NYSEARCA:IYF) saw an uptick in trading volume on Monday . Approximately 296,397 shares traded hands during mid-day trading, a decline of 18% from the previous session’s volume of 361,187 shares.The stock last traded at $133.33 and had previously closed at $132.95.

iShares U.S. Financials ETF Trading Down 0.4%

The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 16.42 and a beta of 0.90. The company’s 50 day simple moving average is $126.02 and its 200-day simple moving average is $124.95.

Institutional Trading of iShares U.S. Financials ETF

A number of hedge funds have recently bought and sold shares of the company. Lpwm LLC raised its holdings in iShares U.S. Financials ETF by 1.8% in the 4th quarter. Lpwm LLC now owns 4,871 shares of the company’s stock valued at $628,000 after acquiring an additional 86 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of iShares U.S. Financials ETF by 0.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 26,926 shares of the company’s stock worth $3,472,000 after purchasing an additional 86 shares during the period. SeaCrest Wealth Management LLC lifted its stake in shares of iShares U.S. Financials ETF by 3.9% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 2,399 shares of the company’s stock worth $300,000 after purchasing an additional 90 shares during the period. Root Financial Partners LLC boosted its holdings in shares of iShares U.S. Financials ETF by 19.4% during the fourth quarter. Root Financial Partners LLC now owns 597 shares of the company’s stock worth $77,000 after purchasing an additional 97 shares during the last quarter. Finally, Vivaldi Capital Management LP boosted its holdings in shares of iShares U.S. Financials ETF by 3.6% during the second quarter. Vivaldi Capital Management LP now owns 2,769 shares of the company’s stock worth $335,000 after purchasing an additional 97 shares during 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.