iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sees Large Volume Increase – Time to Buy?

iShares U.S. Financial Services ETF (NYSEARCA:IYG) shares saw unusually-strong trading volume on Wednesday . Approximately 79,463 shares changed hands during trading, an increase of 30% from the previous session’s volume of 61,347 shares.The stock last traded at $79.34 and had previously closed at $79.35.

iShares U.S. Financial Services ETF Trading Up 0.3 %

The stock has a market capitalization of $1.61 billion, a P/E ratio of 17.45 and a beta of 0.91. The business has a fifty day simple moving average of $81.38 and a 200 day simple moving average of $77.13.

Institutional Investors Weigh In On iShares U.S. Financial Services ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Roxbury Financial LLC purchased a new position in shares of iShares U.S. Financial Services ETF in the 4th quarter worth approximately $25,000. Financial Avengers Inc. purchased a new position in iShares U.S. Financial Services ETF in the third quarter worth $28,000. Comprehensive Financial Planning Inc. PA bought a new position in iShares U.S. Financial Services ETF in the 4th quarter valued at $50,000. Hopwood Financial Services Inc. purchased a new stake in shares of iShares U.S. Financial Services ETF during the 4th quarter valued at $55,000. Finally, SRS Capital Advisors Inc. increased its position in shares of iShares U.S. Financial Services ETF by 63.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 858 shares of the company’s stock valued at $67,000 after purchasing an additional 333 shares during the last quarter.

About iShares U.S. Financial Services ETF

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.