iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI – Get Free Report)’s share price were up 0.1% during mid-day trading on Friday . The company traded as high as $181.34 and last traded at $179.89. Approximately 57,137 shares traded hands during trading, a decline of 58% from the average daily volume of 137,598 shares. The stock had previously closed at $179.73.
iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Up 0.1%
The stock has a 50 day simple moving average of $172.04 and a 200-day simple moving average of $175.71. The firm has a market capitalization of $1.54 billion, a P/E ratio of 23.81 and a beta of 1.09.
Institutional Investors Weigh In On iShares U.S. Broker-Dealers & Securities Exchanges ETF
A number of large investors have recently made changes to their positions in IAI. Parallel Advisors LLC grew its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 310.0% during the 1st quarter. Parallel Advisors LLC now owns 410 shares of the company’s stock valued at $67,000 after acquiring an additional 310 shares during the period. Bank of New York Mellon Corp grew its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 130.3% during the 1st quarter. Bank of New York Mellon Corp now owns 4,467 shares of the company’s stock valued at $733,000 after acquiring an additional 2,527 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 7.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 26,979 shares of the company’s stock valued at $4,429,000 after acquiring an additional 1,804 shares during the period. Jump Financial LLC bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter valued at approximately $8,043,000. Finally, Nemes Rush Group LLC bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter valued at approximately $46,000.
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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