iShares U.S. Financials ETF (NYSEARCA:IYF) Sees Large Volume Increase

iShares U.S. Financials ETF (NYSEARCA:IYF) saw unusually-strong trading volume on Monday . Approximately 323,732 shares traded hands during trading, an increase of 136% from the previous session’s volume of 137,400 shares.The stock last traded at $92.74 and had previously closed at $92.59.

iShares U.S. Financials ETF Trading Up 0.8 %

The firm’s 50-day moving average price is $93.50 and its two-hundred day moving average price is $89.94. The stock has a market cap of $2.59 billion, a PE ratio of 16.14 and a beta of 0.84.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Larson Financial Group LLC increased its position in iShares U.S. Financials ETF by 5.2% during the 4th quarter. Larson Financial Group LLC now owns 2,429 shares of the company’s stock valued at $207,000 after buying an additional 121 shares in the last quarter. HF Advisory Group LLC increased its holdings in shares of iShares U.S. Financials ETF by 2.9% during the first quarter. HF Advisory Group LLC now owns 5,070 shares of the company’s stock valued at $485,000 after acquiring an additional 143 shares in the last quarter. Global Trust Asset Management LLC raised its position in shares of iShares U.S. Financials ETF by 81.1% in the 1st quarter. Global Trust Asset Management LLC now owns 335 shares of the company’s stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. Eudaimonia Advisors LLC raised its position in shares of iShares U.S. Financials ETF by 3.5% in the 1st quarter. Eudaimonia Advisors LLC now owns 5,261 shares of the company’s stock valued at $503,000 after purchasing an additional 179 shares during the last quarter. Finally, CWM LLC boosted its stake in iShares U.S. Financials ETF by 5.0% in the 1st quarter. CWM LLC now owns 4,030 shares of the company’s stock worth $385,000 after purchasing an additional 192 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.