Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI – Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $154.41 and last traded at $153.83, with a volume of 1889 shares trading hands. The stock had previously closed at $153.97.
iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Up 0.2 %
The stock has a 50 day simple moving average of $148.53 and a two-hundred day simple moving average of $135.29. The stock has a market capitalization of $1.46 billion, a P/E ratio of 19.09 and a beta of 0.95.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in IAI. Kingswood Wealth Advisors LLC bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter valued at $419,000. Wilmington Savings Fund Society FSB bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 3rd quarter valued at $56,000. Janney Montgomery Scott LLC bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 3rd quarter valued at $105,618,000. Finally, Eastern Bank bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 3rd quarter valued at $113,000.
iShares U.S. Broker-Dealers & Securities Exchanges ETF Company Profile
iShares U.S. Broker-Dealers ETF (the Fund), formerly iShares Dow Jones U.S. Broker-Dealers Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Investment Services Index (the Index). The Index measures the performance of the investment services sector of the United States equity market, and includes companies providing a range of specialized financial services, including securities brokers and dealers, online brokers and securities or commodities exchanges.
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