iShares U.S. Financials ETF (NYSEARCA:IYF) Sees Strong Trading Volume – Time to Buy?

iShares U.S. Financials ETF (NYSEARCA:IYFGet Free Report) saw an uptick in trading volume on Friday . 1,058,239 shares traded hands during mid-day trading, an increase of 186% from the previous session’s volume of 369,904 shares.The stock last traded at $127.89 and had previously closed at $126.31.

iShares U.S. Financials ETF Stock Up 1.3%

The firm’s fifty day moving average price is $123.07 and its 200 day moving average price is $124.55. The stock has a market cap of $3.51 billion, a PE ratio of 16.42 and a beta of 0.91.

Institutional Investors Weigh In On iShares U.S. Financials ETF

Several large investors have recently bought and sold shares of IYF. Financial Life Planners bought a new stake in iShares U.S. Financials ETF in the first quarter worth $25,000. Ransom Advisory Ltd bought a new stake in iShares U.S. Financials ETF in the fourth quarter worth $26,000. Flagship Harbor Advisors LLC bought a new stake in iShares U.S. Financials ETF in the fourth quarter worth $26,000. Key Capital Management INC bought a new stake in iShares U.S. Financials ETF in the fourth quarter worth $28,000. Finally, Hazlett Burt & Watson Inc. increased its position in iShares U.S. Financials ETF by 666.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 230 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter.

iShares U.S. Financials ETF Company Profile

(Get Free Report)

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.

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