Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI – Get Free Report) saw unusually-high trading volume on Monday . Approximately 140,773 shares changed hands during mid-day trading, an increase of 48% from the previous session’s volume of 94,817 shares.The stock last traded at $150.41 and had previously closed at $149.79.
iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Performance
The firm has a fifty day simple moving average of $143.48 and a 200 day simple moving average of $129.61. The company has a market capitalization of $1.42 billion, a PE ratio of 19.09 and a beta of 0.95.
Institutional Investors Weigh In On iShares U.S. Broker-Dealers & Securities Exchanges ETF
Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 2nd quarter valued at about $584,000. WestEnd Advisors LLC purchased a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter valued at approximately $91,839,000. 9258 Wealth Management LLC acquired a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter valued at approximately $378,000. Eastern Bank purchased a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the third quarter worth $113,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter worth $105,618,000.
About iShares U.S. Broker-Dealers & Securities Exchanges ETF
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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