iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Hits New 52-Week High – Should You Buy?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $156.92 and last traded at $156.94, with a volume of 6251 shares changing hands. The stock had previously closed at $155.23.

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

The stock has a 50 day moving average of $149.13 and a 200-day moving average of $136.51. The firm has a market capitalization of $1.48 billion, a P/E ratio of 19.09 and a beta of 0.95.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Eastern Bank purchased a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter valued at approximately $113,000. Janney Montgomery Scott LLC bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter valued at approximately $105,618,000. Wilmington Savings Fund Society FSB bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the third quarter worth $56,000. Kingswood Wealth Advisors LLC bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter worth $419,000. Finally, Fifth Third Securities Inc. bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter worth $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.