iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares U.S. Financial Services ETF (NYSEARCA:IYG) saw an uptick in trading volume on Thursday . 165,099 shares traded hands during trading, an increase of 184% from the previous session’s volume of 58,130 shares.The stock last traded at $82.54 and had previously closed at $81.61.

iShares U.S. Financial Services ETF Price Performance

The stock’s 50 day simple moving average is $81.06 and its two-hundred day simple moving average is $76.67. The stock has a market cap of $1.65 billion, a P/E ratio of 17.45 and a beta of 0.91.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IYG. Union Bancaire Privee UBP SA acquired a new stake in shares of iShares U.S. Financial Services ETF in the fourth quarter valued at approximately $233,000. GSA Capital Partners LLP lifted its holdings in iShares U.S. Financial Services ETF by 22.7% during the 3rd quarter. GSA Capital Partners LLP now owns 3,892 shares of the company’s stock valued at $276,000 after purchasing an additional 720 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of iShares U.S. Financial Services ETF in the third quarter valued at $2,496,000. JPMorgan Chase & Co. raised its position in shares of iShares U.S. Financial Services ETF by 2.2% in the third quarter. JPMorgan Chase & Co. now owns 261,570 shares of the company’s stock valued at $18,577,000 after purchasing an additional 5,590 shares during the period. Finally, OneDigital Investment Advisors LLC bought a new position in shares of iShares U.S. Financial Services ETF in the third quarter valued at about $205,000.

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.