iShares U.S. Financials ETF (NYSEARCA:IYF) Sees Large Volume Increase – Here’s Why

iShares U.S. Financials ETF (NYSEARCA:IYF) saw strong trading volume on Monday . 370,717 shares were traded during mid-day trading, an increase of 57% from the previous session’s volume of 236,121 shares.The stock last traded at $109.65 and had previously closed at $111.47.

iShares U.S. Financials ETF Price Performance

The business’s 50-day moving average price is $115.29 and its 200-day moving average price is $111.16. The firm has a market capitalization of $3.65 billion, a PE ratio of 15.26 and a beta of 1.08.

Hedge Funds Weigh In On iShares U.S. Financials ETF

Several institutional investors have recently bought and sold shares of IYF. Park Avenue Securities LLC increased its holdings in iShares U.S. Financials ETF by 36.4% during the 4th quarter. Park Avenue Securities LLC now owns 3,048 shares of the company’s stock valued at $337,000 after acquiring an additional 813 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of iShares U.S. Financials ETF by 16.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 53,268 shares of the company’s stock worth $5,890,000 after purchasing an additional 7,441 shares during the last quarter. Atria Investments Inc lifted its stake in iShares U.S. Financials ETF by 3.7% in the 3rd quarter. Atria Investments Inc now owns 7,288 shares of the company’s stock valued at $757,000 after buying an additional 261 shares in the last quarter. Merit Financial Group LLC acquired a new stake in iShares U.S. Financials ETF during the 4th quarter valued at $523,000. Finally, Atria Wealth Solutions Inc. purchased a new position in iShares U.S. Financials ETF during the fourth quarter worth $210,000.

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.