iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sees Strong Trading Volume – Here’s Why

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) shares saw unusually-strong trading volume on Monday . Approximately 156,349 shares traded hands during trading, an increase of 5% from the previous session’s volume of 148,739 shares.The stock last traded at $156.40 and had previously closed at $156.59.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Down 1.0%

The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 22.98 and a beta of 1.14. The company has a fifty day simple moving average of $139.81 and a 200-day simple moving average of $146.10.

Hedge Funds Weigh In On iShares U.S. Broker-Dealers & Securities Exchanges ETF

Hedge funds have recently added to or reduced their stakes in the company. SouthState Corp bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter worth $38,000. Rossby Financial LCC acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 1st quarter worth approximately $38,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 488.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 294 shares of the company’s stock worth $41,000 after purchasing an additional 244 shares in the last quarter. Strategic Blueprint LLC bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the first quarter valued at about $202,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 16.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,199 shares of the company’s stock worth $308,000 after acquiring an additional 313 shares during the last quarter.

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.