The iShares U.S. Financial Services ETF (NYSE:IYG) is seeing unusually high volume in afternoon trading Wednesday, with over 552,000 shares traded versus three month average volume of about 156,000. Shares of IYG were up about 1.1% on the day.
Components of that ETF with the highest volume on Wednesday were Bank of America (NYSE:BAC), trading up about 1.8% with over 29.3 million shares changing hands so far this session, and Wells Fargo (NYSE:WFC), up about 0.7% on volume of over 9.6 million shares. Synchrony Financial (NYSE:SYF) is the component faring the best Wednesday, higher by about 2.3% on the day, while BGC Partners (BGCP) is lagging other components of the iShares U.S. Financial Services ETF, trading lower by about 0.9%.
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