Shares of iShares U.S. Financials ETF (NYSEARCA:IYF – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 555,567 shares changed hands during 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 Trading Up 0.1 %
The business has a 50-day moving average price of $115.39 and a 200 day moving average price of $111.83. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 15.00 and a beta of 1.08.
Institutional Investors Weigh In On iShares U.S. Financials ETF
Several large investors have recently made changes to their positions in IYF. Accredited Wealth Management LLC bought a new stake in iShares U.S. Financials ETF during the fourth quarter worth about $29,000. Private Trust Co. NA increased its stake in iShares U.S. Financials ETF by 50.5% during the 4th quarter. Private Trust Co. NA now owns 301 shares of the company’s stock worth $33,000 after acquiring an additional 101 shares during the period. Kestra Investment Management LLC bought a new position in iShares U.S. Financials ETF in the 4th quarter valued at about $34,000. Newbridge Financial Services Group Inc. acquired a new stake in iShares U.S. Financials ETF in the fourth quarter valued at about $37,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of iShares U.S. Financials ETF during the fourth quarter worth $37,000.
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.
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