iShares U.S. Financials ETF (NYSEARCA:IYF) Sees Strong Trading Volume

iShares U.S. Financials ETF (NYSEARCA:IYF) saw an uptick in trading volume on Monday . 177,907 shares changed hands during trading, an increase of 9% from the previous session’s volume of 163,387 shares.The stock last traded at $78.33 and had previously closed at $78.14.

iShares U.S. Financials ETF Price Performance

The business’s 50-day moving average price is $77.44 and its 200-day moving average price is $74.07. The firm has a market capitalization of $1.90 billion, a PE ratio of 9.21 and a beta of 1.03.

Institutional Trading of iShares U.S. Financials ETF

A number of institutional investors have recently modified their holdings of IYF. Fisher Asset Management LLC raised its stake in shares of iShares U.S. Financials ETF by 8.2% during the 2nd quarter. Fisher Asset Management LLC now owns 1,755,721 shares of the company’s stock worth $130,994,000 after buying an additional 132,966 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of iShares U.S. Financials ETF by 3.4% in the second quarter. Goldman Sachs Group Inc. now owns 591,919 shares of the company’s stock valued at $41,422,000 after purchasing an additional 19,705 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of iShares U.S. Financials ETF by 1.5% in the second quarter. Wells Fargo & Company MN now owns 446,612 shares of the company’s stock valued at $33,322,000 after purchasing an additional 6,452 shares during the last quarter. UBS Group AG raised its position in shares of iShares U.S. Financials ETF by 1.7% during the 1st quarter. UBS Group AG now owns 329,213 shares of the company’s stock worth $27,828,000 after purchasing an additional 5,355 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in iShares U.S. Financials ETF by 1.8% in the 1st quarter. Ameriprise Financial Inc. now owns 322,576 shares of the company’s stock valued at $22,963,000 after buying an additional 5,693 shares in 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.