iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC cut its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) by 9.8% in the fourth quarter, Holdings Channel reports. The firm owned 10,745 shares of the company’s stock after selling 1,165 shares during the period. Transcend Capital Advisors LLC’s holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF were worth $1,548,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Hudson Value Partners LLC acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter valued at approximately $558,000. Jackson Wealth Management LLC purchased a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter valued at $714,000. Q3 Asset Management boosted its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 43.2% during the 4th quarter. Q3 Asset Management now owns 10,176 shares of the company’s stock worth $1,464,000 after purchasing an additional 3,072 shares during the period. Fifth Third Securities Inc. purchased a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter worth $549,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter valued at $419,000.

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

Shares of NYSEARCA:IAI opened at $152.70 on Friday. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a one year low of $107.77 and a one year high of $159.90. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 19.09 and a beta of 0.95. The company has a 50-day simple moving average of $150.81 and a 200-day simple moving average of $140.49.

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