iShares U.S. Financials ETF (NYSEARCA:IYF) Sees Large Volume Increase – Should You Buy?

iShares U.S. Financials ETF (NYSEARCA:IYF) saw an uptick in trading volume on Thursday . 356,087 shares were traded during mid-day trading, an increase of 77% from the previous session’s volume of 201,729 shares.The stock last traded at $113.38 and had previously closed at $114.52.

iShares U.S. Financials ETF Stock Performance

The business’s 50-day moving average is $105.54 and its 200-day moving average is $99.61. The company has a market capitalization of $3.15 billion, a PE ratio of 16.14 and a beta of 0.84.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Etfidea LLC raised its stake in shares of iShares U.S. Financials ETF by 0.7% in the third quarter. Etfidea LLC now owns 89,954 shares of the company’s stock worth $9,346,000 after purchasing an additional 620 shares during the last quarter. Avior Wealth Management LLC raised its position in iShares U.S. Financials ETF by 11.0% in the 3rd quarter. Avior Wealth Management LLC now owns 12,115 shares of the company’s stock worth $1,259,000 after buying an additional 1,201 shares during the last quarter. Second Half Financial Partners LLC bought a new position in iShares U.S. Financials ETF during the 3rd quarter valued at about $3,683,000. Thrivent Financial for Lutherans boosted its holdings in shares of iShares U.S. Financials ETF by 2.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 110,808 shares of the company’s stock valued at $11,513,000 after acquiring an additional 2,792 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake in shares of iShares U.S. Financials ETF by 15.6% in the third quarter. OneDigital Investment Advisors LLC now owns 103,092 shares of the company’s stock worth $10,711,000 after acquiring an additional 13,903 shares during the period.

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.