iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) saw unusually-high trading volume on Monday . Approximately 289,481 shares changed hands during trading, an increase of 203% from the previous session’s volume of 95,593 shares.The stock last traded at $150.63 and had previously closed at $145.94.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Down 0.6 %

The company has a market cap of $1.40 billion, a price-to-earnings ratio of 19.09 and a beta of 0.95. The business has a 50-day moving average price of $132.15 and a 200 day moving average price of $123.99.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cambridge Trust Co. acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 1st quarter worth $102,000. Eastern Bank acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter worth $113,000. 9258 Wealth Management LLC bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter valued at about $378,000. Bank of New York Mellon Corp bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter worth about $584,000. Finally, Transcend Capital Advisors LLC acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter valued at about $1,423,000.

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.