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

iShares U.S. Financials ETF (NYSEARCA:IYF) shares saw an uptick in trading volume on Tuesday . 268,256 shares changed hands during mid-day 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 Trading Down 0.4 %

The company has a fifty day moving average price of $115.08 and a 200-day moving average price of $111.43. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 15.00 and a beta of 1.08.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Schroder Investment Management Group boosted its holdings in iShares U.S. Financials ETF by 326.7% in the 4th quarter. Schroder Investment Management Group now owns 1,118,327 shares of the company’s stock worth $123,653,000 after buying an additional 856,252 shares during the last quarter. Bank of Montreal Can lifted its stake in iShares U.S. Financials ETF by 705.1% during the third quarter. Bank of Montreal Can now owns 431,608 shares of the company’s stock worth $44,658,000 after purchasing an additional 377,999 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of iShares U.S. Financials ETF by 56.0% during the fourth quarter. Hsbc Holdings PLC now owns 1,023,916 shares of the company’s stock worth $113,225,000 after buying an additional 367,508 shares during the period. Wells Fargo & Company MN grew its stake in shares of iShares U.S. Financials ETF by 56.7% in the fourth quarter. Wells Fargo & Company MN now owns 495,995 shares of the company’s stock valued at $54,847,000 after buying an additional 179,535 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in iShares U.S. Financials ETF during the 4th quarter worth about $19,475,000.

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.