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

iShares U.S. Financials ETF (NYSEARCA:IYF) shares saw an uptick in trading volume on Tuesday . 268,256 shares traded hands during mid-day trading, an increase of 5% from the previous session’s volume of 256,445 shares.The stock last traded at $111.51 and had previously closed at $111.68.

iShares U.S. Financials ETF Stock Up 1.0 %

The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 15.00 and a beta of 1.08. The company’s 50-day moving average is $115.11 and its 200-day moving average is $111.48.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Comerica Bank raised its position in iShares U.S. Financials ETF by 1.0% in the fourth quarter. Comerica Bank now owns 9,852 shares of the company’s stock worth $1,089,000 after purchasing an additional 93 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of iShares U.S. Financials ETF by 50.5% during the fourth quarter. Private Trust Co. NA now owns 301 shares of the company’s stock worth $33,000 after buying an additional 101 shares in the last quarter. Millennium Management LLC increased its holdings in shares of iShares U.S. Financials ETF by 0.7% during the fourth quarter. Millennium Management LLC now owns 16,659 shares of the company’s stock worth $1,842,000 after buying an additional 108 shares in the last quarter. Kellett Wealth Advisors LLC increased its holdings in shares of iShares U.S. Financials ETF by 4.4% during the fourth quarter. Kellett Wealth Advisors LLC now owns 2,848 shares of the company’s stock worth $315,000 after buying an additional 120 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of iShares U.S. Financials ETF by 5.5% during the third quarter. Larson Financial Group LLC now owns 2,768 shares of the company’s stock worth $288,000 after buying an additional 145 shares in the last quarter.

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.