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

Shares of iShares U.S. Financials ETF (NYSEARCA:IYF) saw an uptick in trading volume on Thursday. Approximately 495,636 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 371,611 shares. The stock last traded at $136.5010 and had previously closed at $136.71.

iShares U.S. Financials ETF Price Performance

The firm has a market capitalization of $3.76 billion, a PE ratio of 16.42 and a beta of 0.89. The stock’s 50-day moving average price is $131.14 and its 200 day moving average price is $127.77.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Gables Capital Management Inc. boosted its stake in shares of iShares U.S. Financials ETF by 4.4% during the 3rd quarter. Gables Capital Management Inc. now owns 1,900 shares of the company’s stock valued at $239,000 after purchasing an additional 80 shares in the last quarter. Forte Asset Management LLC lifted its holdings in iShares U.S. Financials ETF by 1.1% in the third quarter. Forte Asset Management LLC now owns 7,531 shares of the company’s stock worth $946,000 after buying an additional 84 shares during the period. Prime Capital Investment Advisors LLC lifted its holdings in iShares U.S. Financials ETF by 1.5% in the third quarter. Prime Capital Investment Advisors LLC now owns 6,109 shares of the company’s stock worth $768,000 after buying an additional 89 shares during the period. CX Institutional boosted its position in iShares U.S. Financials ETF by 0.5% during the 3rd quarter. CX Institutional now owns 20,255 shares of the company’s stock valued at $2,545,000 after acquiring an additional 98 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its position in iShares U.S. Financials ETF by 16.9% during the 3rd quarter. Westside Investment Management Inc. now owns 690 shares of the company’s stock valued at $87,000 after acquiring an additional 100 shares in the last quarter.

iShares U.S. Financials ETF Company Profile

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.