iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Reaches New 52-Week High – Here’s Why

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $157.97 and last traded at $157.79, with a volume of 2216 shares. The stock had previously closed at $156.34.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Performance

The company has a market cap of $1.49 billion, a PE ratio of 19.09 and a beta of 0.95. The company has a fifty day moving average of $149.59 and a two-hundred day moving average of $137.80.

Institutional Trading of iShares U.S. Broker-Dealers & Securities Exchanges ETF

Institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 28.1% in the 4th quarter. Jones Financial Companies Lllp now owns 5,061 shares of the company’s stock valued at $729,000 after buying an additional 1,111 shares during the period. Hudson Value Partners LLC purchased a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter worth $558,000. Jackson Wealth Management LLC purchased a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter valued at $714,000. Q3 Asset Management raised its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 43.2% in the fourth quarter. Q3 Asset Management now owns 10,176 shares of the company’s stock valued at $1,464,000 after acquiring an additional 3,072 shares in the last quarter. Finally, Fifth Third Securities Inc. bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter worth about $549,000.

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.