iShares U.S. Financials ETF (NYSEARCA:IYF) Sees Strong Trading Volume

Shares of iShares U.S. Financials ETF (NYSEARCA:IYF) saw strong trading volume on Friday . 496,514 shares were traded during trading, an increase of 162% from the previous session’s volume of 189,828 shares.The stock last traded at $103.33 and had previously closed at $103.21.

iShares U.S. Financials ETF Stock Up 0.3 %

The firm has a market cap of $2.87 billion, a PE ratio of 16.14 and a beta of 0.84. The company’s 50 day moving average price is $101.10 and its two-hundred day moving average price is $96.64.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IYF. GPS Wealth Strategies Group LLC increased its stake in iShares U.S. Financials ETF by 436.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 268 shares of the company’s stock worth $25,000 after buying an additional 218 shares during the period. Rothschild Investment LLC purchased a new position in iShares U.S. Financials ETF in the 2nd quarter worth about $25,000. Global Trust Asset Management LLC increased its stake in iShares U.S. Financials ETF by 81.1% in the 1st quarter. Global Trust Asset Management LLC now owns 335 shares of the company’s stock worth $32,000 after buying an additional 150 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in iShares U.S. Financials ETF in the 2nd quarter worth about $57,000. Finally, Angeles Wealth Management LLC purchased a new position in iShares U.S. Financials ETF in the 4th quarter worth about $78,000.

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.