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

by · The Markets Daily

Shares of iShares U.S. Financials ETF (NYSEARCA:IYF – Get Free Report) saw unusually-strong trading volume on Tuesday . 231,927 shares were traded during trading, a decline of 38% from the previous session’s volume of 372,227 shares.The stock last traded at $136.61 and had previously closed at $137.36.

iShares U.S. Financials ETF Stock Performance

The company has a market cap of $4.62 billion, a P/E ratio of 16.42 and a beta of 0.89. The firm has a 50 day moving average price of $133.43 and a 200-day moving average price of $126.30.

Institutional Investors Weigh In On iShares U.S. Financials ETF

A number of large investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. boosted its holdings in iShares U.S. Financials ETF by 0.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 26,926 shares of the company’s stock valued at $3,472,000 after acquiring an additional 86 shares during the period. SeaCrest Wealth Management LLC grew its position in shares of iShares U.S. Financials ETF by 3.9% in the third quarter. SeaCrest Wealth Management LLC now owns 2,399 shares of the company’s stock valued at $300,000 after purchasing an additional 90 shares during the last quarter. Root Financial Partners LLC grew its position in shares of iShares U.S. Financials ETF by 19.4% in the fourth quarter. Root Financial Partners LLC now owns 597 shares of the company’s stock valued at $77,000 after purchasing an additional 97 shares during the last quarter. Vivaldi Capital Management LP increased its stake in shares of iShares U.S. Financials ETF by 3.6% in the second quarter. Vivaldi Capital Management LP now owns 2,769 shares of the company’s stock worth $335,000 after purchasing an additional 97 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of iShares U.S. Financials ETF by 0.8% in the fourth quarter. Captrust Financial Advisors now owns 13,665 shares of the company’s stock worth $1,762,000 after purchasing an additional 103 shares during the period.

About iShares U.S. Financials ETF

(Get Free Report)

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. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.

Recommended Stories