iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sees Unusually-High Trading Volume – Here’s What Happened

iShares U.S. Financial Services ETF (NYSEARCA:IYG) saw unusually-high trading volume on Tuesday . Approximately 392,544 shares changed hands during trading, an increase of 215% from the previous session’s volume of 124,715 shares.The stock last traded at $82.17 and had previously closed at $80.82.

iShares U.S. Financial Services ETF Stock Performance

The stock’s 50-day moving average price is $86.29 and its two-hundred day moving average price is $88.68. The stock has a market capitalization of $1.89 billion, a PE ratio of 18.95 and a beta of 1.11.

Hedge Funds Weigh In On iShares U.S. Financial Services ETF

Large investors have recently made changes to their positions in the business. Centerline Wealth Advisors LLC purchased a new position in iShares U.S. Financial Services ETF during the fourth quarter valued at $4,686,000. Baltimore Washington Financial Advisors Inc. increased its holdings in shares of iShares U.S. Financial Services ETF by 2.8% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 404,827 shares of the company’s stock valued at $36,289,000 after acquiring an additional 11,164 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares U.S. Financial Services ETF by 4.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 298,829 shares of the company’s stock worth $25,580,000 after purchasing an additional 14,061 shares during the last quarter. Cyndeo Wealth Partners LLC bought a new stake in iShares U.S. Financial Services ETF during the 4th quarter valued at about $1,177,000. Finally, PGIM Custom Harvest LLC lifted its stake in shares of iShares U.S. Financial Services ETF by 42.2% in the second quarter. PGIM Custom Harvest LLC now owns 305,036 shares of the company’s stock worth $26,111,000 after buying an additional 90,472 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. It is a subset of the Dow Jones U.S. Financials Index. The Underlying Index includes components of subsectors in the Dow Jones U.S.