iShares U.S. Financials ETF (NYSEARCA:IYF) Sees Large Volume Increase – What’s Next?

iShares U.S. Financials ETF (NYSEARCA:IYF) saw strong trading volume on Tuesday . 268,256 shares were traded during trading, an increase of 5% from the previous session’s volume of 256,445 shares.The stock last traded at $111.51 and had previously closed at $111.68.

iShares U.S. Financials ETF Price Performance

The company has a market cap of $3.60 billion, a PE ratio of 15.00 and a beta of 1.08. The company has a 50-day moving average of $115.08 and a 200 day moving average of $111.43.

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

Several hedge funds have recently bought and sold shares of IYF. Park Avenue Securities LLC lifted its holdings in shares of iShares U.S. Financials ETF by 36.4% during the 4th quarter. Park Avenue Securities LLC now owns 3,048 shares of the company’s stock valued at $337,000 after purchasing an additional 813 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in iShares U.S. Financials ETF by 16.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 53,268 shares of the company’s stock valued at $5,890,000 after buying an additional 7,441 shares during the last quarter. Atria Investments Inc raised its stake in iShares U.S. Financials ETF by 3.7% in the third quarter. Atria Investments Inc now owns 7,288 shares of the company’s stock valued at $757,000 after buying an additional 261 shares during the last quarter. Merit Financial Group LLC acquired a new stake in iShares U.S. Financials ETF in the fourth quarter worth about $523,000. Finally, IFP Advisors Inc grew its stake in shares of iShares U.S. Financials ETF by 569.1% during the fourth quarter. IFP Advisors Inc now owns 736 shares of the company’s stock worth $81,000 after acquiring an additional 626 shares during the last quarter.

About iShares U.S. Financials ETF

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.