iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sees Unusually-High Trading Volume

iShares U.S. Financial Services ETF (NYSEARCA:IYG) shares saw strong trading volume on Friday . 24,049 shares changed hands during trading, a decline of 60% from the previous session’s volume of 60,229 shares.The stock last traded at $65.84 and had previously closed at $66.00.

iShares U.S. Financial Services ETF Stock Performance

The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 5.95 and a beta of 0.91. The firm’s fifty day simple moving average is $65.31 and its 200 day simple moving average is $63.38.

Institutional Trading of iShares U.S. Financial Services ETF

A number of institutional investors have recently made changes to their positions in IYG. Indiana Trust & Investment Management CO lifted its position in shares of iShares U.S. Financial Services ETF by 100.0% in the first quarter. Indiana Trust & Investment Management CO now owns 402 shares of the company’s stock worth $27,000 after purchasing an additional 201 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of iShares U.S. Financial Services ETF in the fourth quarter worth $29,000. Fortis Group Advisors LLC lifted its position in shares of iShares U.S. Financial Services ETF by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 160 shares of the company’s stock worth $29,000 after purchasing an additional 80 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in shares of iShares U.S. Financial Services ETF by 200.0% in the first quarter. Salem Investment Counselors Inc. now owns 450 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in iShares U.S. Financial Services ETF by 159.8% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 634 shares of the company’s stock worth $42,000 after buying an additional 390 shares during the last quarter.

iShares U.S. Financial Services ETF Company Profile

iShares U.S. Financial Services ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Financial Services Index (the Underlying Index). The Underlying Index measures the performance of the financial services sector of the United States equity market.