Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $142.44 and last traded at $142.44, with a volume of 2358 shares traded. The stock had previously closed at $135.09.
iShares U.S. Broker-Dealers & Securities Exchanges ETF Price Performance
The firm has a 50-day simple moving average of $130.85 and a two-hundred day simple moving average of $123.09. The company has a market cap of $1.38 billion, a PE 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 IAI. Janney Montgomery Scott LLC bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter valued at $105,618,000. Eastern Bank bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter valued at $113,000. 9258 Wealth Management LLC bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter valued at $378,000. WestEnd Advisors LLC bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter valued at $91,839,000. Finally, Bank of New York Mellon Corp bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter valued at $584,000.
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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