iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sees Unusually-High Trading Volume – Still a Buy?

iShares U.S. Financial Services ETF (NYSEARCA:IYG) shares saw unusually-high trading volume on Wednesday . Approximately 79,463 shares changed hands during mid-day trading, an increase of 30% from the previous session’s volume of 61,347 shares.The stock last traded at $79.34 and had previously closed at $79.35.

iShares U.S. Financial Services ETF Stock Performance

The stock’s 50 day moving average price is $81.38 and its 200 day moving average price is $77.13. The company has a market capitalization of $1.61 billion, a P/E ratio of 17.45 and a beta of 0.91.

Institutional Investors Weigh In On iShares U.S. Financial Services ETF

Several large investors have recently added to or reduced their stakes in the business. Howard Capital Management Group LLC increased its stake in iShares U.S. Financial Services ETF by 2.1% in the third quarter. Howard Capital Management Group LLC now owns 114,452 shares of the company’s stock valued at $8,128,000 after purchasing an additional 2,392 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in iShares U.S. Financial Services ETF by 6.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,507 shares of the company’s stock worth $249,000 after acquiring an additional 213 shares in the last quarter. Objective Capital Management LLC bought a new stake in shares of iShares U.S. Financial Services ETF during the third quarter valued at approximately $416,000. Sigma Planning Corp bought a new position in shares of iShares U.S. Financial Services ETF in the 3rd quarter worth $207,000. Finally, GSA Capital Partners LLP increased its stake in iShares U.S. Financial Services ETF by 22.7% during the 3rd quarter. GSA Capital Partners LLP now owns 3,892 shares of the company’s stock valued at $276,000 after purchasing an additional 720 shares in the last quarter.

About iShares U.S. Financial Services ETF

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.