iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sees Large Volume Increase – Here’s Why

iShares U.S. Financial Services ETF (NYSEARCA:IYG) saw unusually-high trading volume on Monday . Approximately 102,431 shares traded hands during mid-day trading, an increase of 41% from the previous session’s volume of 72,595 shares.The stock last traded at $83.16 and had previously closed at $83.33.

iShares U.S. Financial Services ETF Price Performance

The firm has a fifty day moving average price of $76.72 and a two-hundred day moving average price of $79.12. The stock has a market capitalization of $1.74 billion, a PE ratio of 16.59 and a beta of 1.11.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Union Bancaire Privee UBP SA purchased a new position in iShares U.S. Financial Services ETF during the 4th quarter worth $233,000. Atria Wealth Solutions Inc. increased its holdings in shares of iShares U.S. Financial Services ETF by 12.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 3,183 shares of the company’s stock valued at $248,000 after acquiring an additional 342 shares during the period. US Bancorp DE raised its position in shares of iShares U.S. Financial Services ETF by 4.6% in the 4th quarter. US Bancorp DE now owns 11,449 shares of the company’s stock worth $891,000 after acquiring an additional 502 shares in the last quarter. Park Avenue Securities LLC bought a new position in shares of iShares U.S. Financial Services ETF in the 4th quarter worth $341,000. Finally, RiverFront Investment Group LLC raised its position in shares of iShares U.S. Financial Services ETF by 3.3% in the 4th quarter. RiverFront Investment Group LLC now owns 1,556,433 shares of the company’s stock worth $121,106,000 after acquiring an additional 49,743 shares in the last quarter.

iShares U.S. Financial Services ETF Company Profile

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.