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

Shares of iShares U.S. Financials ETF (NYSEARCA:IYF) saw unusually-high trading volume on Wednesday . Approximately 555,567 shares traded hands during mid-day trading, an increase of 36% from the previous session’s volume of 409,852 shares.The stock last traded at $115.54 and had previously closed at $114.98.

iShares U.S. Financials ETF Price Performance

The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 15.00 and a beta of 1.08. The business has a fifty day moving average price of $115.38 and a 200 day moving average price of $111.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of iShares U.S. Financials ETF by 1.9% in the fourth quarter. Bank of America Corp DE now owns 1,698,803 shares of the company’s stock valued at $187,854,000 after purchasing an additional 32,121 shares in the last quarter. Schroder Investment Management Group increased its holdings in iShares U.S. Financials ETF by 326.7% in the 4th quarter. Schroder Investment Management Group now owns 1,118,327 shares of the company’s stock valued at $123,653,000 after buying an additional 856,252 shares during the period. Hsbc Holdings PLC raised its stake in shares of iShares U.S. Financials ETF by 56.0% in the 4th quarter. Hsbc Holdings PLC now owns 1,023,916 shares of the company’s stock valued at $113,225,000 after buying an additional 367,508 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of iShares U.S. Financials ETF by 28.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 769,351 shares of the company’s stock worth $79,936,000 after acquiring an additional 170,769 shares during the period. Finally, LPL Financial LLC boosted its position in shares of iShares U.S. Financials ETF by 33.8% during the 4th quarter. LPL Financial LLC now owns 678,478 shares of the company’s stock valued at $75,026,000 after acquiring an additional 171,559 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.