iShares U.S. Financials ETF (NYSEARCA:IYF) Sees Unusually-High Trading Volume – Here’s What Happened

iShares U.S. Financials ETF (NYSEARCA:IYF) shares saw strong trading volume on Thursday . 278,937 shares changed hands during mid-day trading, an increase of 36% from the previous session’s volume of 204,909 shares.The stock last traded at $115.00 and had previously closed at $114.92.

iShares U.S. Financials ETF Stock Performance

The business’s fifty day moving average is $112.19 and its 200-day moving average is $103.46. The firm has a market cap of $3.17 billion, a P/E ratio of 16.14 and a beta of 0.84.

Institutional Trading of iShares U.S. Financials ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in 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 valued at $79,936,000 after purchasing an additional 170,769 shares during the period. LPL Financial LLC boosted its stake in shares of iShares U.S. Financials ETF by 21.0% in the 2nd quarter. LPL Financial LLC now owns 475,892 shares of the company’s stock valued at $45,005,000 after purchasing an additional 82,599 shares during the last quarter. Bank of Montreal Can increased its position in shares of iShares U.S. Financials ETF by 705.1% during the third quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock worth $44,658,000 after buying an additional 377,999 shares during the period. Wulff Hansen & CO. raised its stake in iShares U.S. Financials ETF by 9,357.0% during the second quarter. Wulff Hansen & CO. now owns 262,432 shares of the company’s stock worth $24,818,000 after buying an additional 259,657 shares during the last quarter. Finally, Magnus Financial Group LLC raised its stake in iShares U.S. Financials ETF by 2.6% during the third quarter. Magnus Financial Group LLC now owns 188,646 shares of the company’s stock worth $19,600,000 after buying an additional 4,826 shares during 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.