iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sees Strong Trading Volume – What’s Next?

Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) saw an uptick in trading volume on Friday . 452,721 shares changed hands during mid-day trading, an increase of 591% from the previous session’s volume of 65,551 shares.The stock last traded at $69.96 and had previously closed at $74.41.

iShares U.S. Financial Services ETF Price Performance

The company has a fifty day moving average price of $80.50 and a two-hundred day moving average price of $78.26. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 16.68 and a beta of 1.17.

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

Several hedge funds have recently made changes to their positions in IYG. Wealth Enhancement Advisory Services LLC boosted its holdings in iShares U.S. Financial Services ETF by 24.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,372 shares of the company’s stock worth $340,000 after buying an additional 865 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of iShares U.S. Financial Services ETF during the 4th quarter worth $2,751,000. Wolverine Trading LLC grew its holdings in shares of iShares U.S. Financial Services ETF by 52.4% in the 4th quarter. Wolverine Trading LLC now owns 6,687 shares of the company’s stock worth $520,000 after acquiring an additional 2,299 shares during the last quarter. Vivaldi Capital Management LP acquired a new stake in shares of iShares U.S. Financial Services ETF during the fourth quarter worth $277,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of iShares U.S. Financial Services ETF during the fourth quarter worth $756,000.

About iShares U.S. Financial Services ETF

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.