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

iShares U.S. Financials ETF (NYSEARCA:IYF) 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.

Hedge Funds Weigh In On iShares U.S. Financials ETF

Several hedge funds have recently modified their holdings of the stock. Arkadios Wealth Advisors lifted its holdings in shares of iShares U.S. Financials ETF by 6.4% in the first quarter. Arkadios Wealth Advisors now owns 9,516 shares of the company’s stock worth $1,120,000 after buying an additional 571 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of iShares U.S. Financials ETF by 3.1% in the first quarter. Royal Bank of Canada now owns 297,765 shares of the company’s stock worth $35,036,000 after buying an additional 8,823 shares in the last quarter. Gateway Wealth Partners LLC lifted its holdings in shares of iShares U.S. Financials ETF by 64.2% in the first quarter. Gateway Wealth Partners LLC now owns 2,711 shares of the company’s stock worth $319,000 after buying an additional 1,060 shares in the last quarter. Phillip James Consulting Co. purchased a new position in shares of iShares U.S. Financials ETF in the first quarter worth $954,000. Finally, Pacific Sun Financial Corp lifted its holdings in shares of iShares U.S. Financials ETF by 7.4% in the first quarter. Pacific Sun Financial Corp now owns 4,811 shares of the company’s stock worth $566,000 after buying an additional 330 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.