iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) saw an uptick in trading volume on Friday . 452,721 shares changed hands during trading, an increase of 591% from the previous session’s volume of 65,551 shares.The stock last traded at $69.96 and had previously closed at $74.41.

iShares U.S. Financial Services ETF Stock Down 7.1 %

The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 16.68 and a beta of 1.17. The business has a 50-day moving average price of $80.77 and a 200-day moving average price of $78.22.

Institutional Trading of iShares U.S. Financial Services ETF

Several large investors have recently added to or reduced their stakes in IYG. Roxbury Financial LLC purchased a new stake in shares of iShares U.S. Financial Services ETF in the fourth quarter worth approximately $25,000. Financial Avengers Inc. acquired a new position in iShares U.S. Financial Services ETF in the 3rd quarter valued at approximately $28,000. Comprehensive Financial Planning Inc. PA acquired a new position in iShares U.S. Financial Services ETF in the 4th quarter valued at approximately $50,000. Hopwood Financial Services Inc. purchased a new stake in iShares U.S. Financial Services ETF in the 4th quarter worth approximately $55,000. Finally, SRS Capital Advisors Inc. boosted its stake 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 buying an additional 333 shares during the period.

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.