iShares U.S. Financials ETF (NYSEARCA:IYF) Sees Unusually-High Trading Volume – Should You Buy?

iShares U.S. Financials ETF (NYSEARCA:IYF) shares saw unusually-strong trading volume on Friday. 1,647,307 shares were traded during mid-day trading, an increase of 343% from the previous session’s volume of 372,132 shares. The stock last traded at $128.2720 and had previously closed at $128.52.

iShares U.S. Financials ETF Price Performance

The stock has a market cap of $4.00 billion, a PE ratio of 16.42 and a beta of 0.89. The company’s fifty day moving average is $135.31 and its 200-day moving average is $127.94.

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

Institutional investors have recently modified their holdings of the stock. Cottonwood Capital Advisors LLC acquired a new position in iShares U.S. Financials ETF in the 1st quarter worth about $684,000. Gerald Baker Financial Group LLC purchased a new position in shares of iShares U.S. Financials ETF in the first quarter valued at approximately $1,073,000. Dynasty Wealth Management LLC lifted its position in shares of iShares U.S. Financials ETF by 545.2% in the fourth quarter. Dynasty Wealth Management LLC now owns 1,762,552 shares of the company’s stock valued at $227,246,000 after acquiring an additional 1,489,376 shares in the last quarter. Lido Advisors LLC boosted its stake in shares of iShares U.S. Financials ETF by 65.2% in the fourth quarter. Lido Advisors LLC now owns 10,498 shares of the company’s stock worth $1,339,000 after acquiring an additional 4,142 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of iShares U.S. Financials ETF by 49.3% in the first quarter. Bank of New York Mellon Corp now owns 19,492 shares of the company’s stock worth $2,294,000 after acquiring an additional 6,439 shares during 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.