iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sees Strong Trading Volume – Time to Buy?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) shares saw strong trading volume on Monday . 220,539 shares traded hands during mid-day trading, an increase of 134% from the previous session’s volume of 94,241 shares.The stock last traded at $146.81 and had previously closed at $146.05.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Up 0.2 %

The business’s 50-day simple moving average is $146.75 and its 200-day simple moving average is $132.68. The company has a market cap of $1.38 billion, a PE ratio of 19.09 and a beta of 0.95.

Hedge Funds Weigh In On iShares U.S. Broker-Dealers & Securities Exchanges ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter valued at about $584,000. Eastern Bank bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 3rd quarter valued at approximately $113,000. Janney Montgomery Scott LLC acquired a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 3rd quarter worth approximately $105,618,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter worth approximately $56,000.

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.