Fifth Third Securities Inc. acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI – Free Report) during the third quarter, Holdings Channel.com reports. The fund acquired 3,775 shares of the company’s stock, valued at approximately $665,000.
Other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 2nd quarter worth about $35,000. FNY Investment Advisers LLC bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter valued at about $175,000. Parallel Advisors LLC increased its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 310.0% during the first quarter. Parallel Advisors LLC now owns 410 shares of the company’s stock valued at $67,000 after buying an additional 310 shares during the period. Bank of New York Mellon Corp increased its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 130.3% during the first quarter. Bank of New York Mellon Corp now owns 4,467 shares of the company’s stock valued at $733,000 after buying an additional 2,527 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 26,979 shares of the company’s stock valued at $4,429,000 after buying an additional 1,804 shares during the period.
iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Up 0.3%
Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF stock opened at $179.64 on Friday. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a 12-month low of $157.78 and a 12-month high of $198.09. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 23.81 and a beta of 1.09. The company’s 50-day moving average price is $185.15 and its 200-day moving average price is $183.18.
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.
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