iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYGGet Free Report) saw unusually-high trading volume on Friday . Approximately 642,664 shares traded hands during mid-day trading, an increase of 442% from the previous session’s volume of 118,487 shares.The stock last traded at $93.51 and had previously closed at $93.39.

iShares U.S. Financial Services ETF Trading Up 0.2%

The company’s fifty day moving average is $89.15 and its 200-day moving average is $88.42. The firm has a market capitalization of $2.04 billion, a P/E ratio of 18.95 and a beta of 0.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Triumph Capital Management bought a new position in shares of iShares U.S. Financial Services ETF in the third quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in iShares U.S. Financial Services ETF in the 4th quarter valued at approximately $28,000. Farther Finance Advisors LLC bought a new position in iShares U.S. Financial Services ETF in the 4th quarter worth approximately $29,000. Capital Advisors Ltd. LLC increased its position in iShares U.S. Financial Services ETF by 49.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 379 shares of the company’s stock worth $31,000 after buying an additional 126 shares during the period. Finally, Merrithew & Thorsten Inc acquired a new position in shares of iShares U.S. Financial Services ETF during the fourth quarter worth approximately $39,000.

About iShares U.S. Financial Services ETF

(Get Free Report)

iShares U.S. Financial Services ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Financial Services Index (the Underlying Index). The Underlying Index measures the performance of the financial services sector of the United States equity market. It is a subset of the Dow Jones U.S. Financials Index. The Underlying Index includes components of subsectors in the Dow Jones U.S.

Further Reading

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