iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI – Get Free Report) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $180.20 and traded as high as $181.42. iShares U.S. Broker-Dealers & Securities Exchanges ETF shares last traded at $180.30, with a volume of 111,719 shares changing hands.
iShares U.S. Broker-Dealers & Securities Exchanges ETF Price Performance
The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 23.81 and a beta of 1.09. The business has a 50 day moving average of $183.82 and a 200 day moving average of $180.20.
Institutional Investors Weigh In On iShares U.S. Broker-Dealers & Securities Exchanges ETF
Hedge funds have recently made changes to their positions in the stock. WestEnd Advisors LLC bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the third quarter worth approximately $25,000. Trust Co. of Vermont purchased a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter worth about $35,000. Parallel Advisors LLC increased its position 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 purchasing an additional 310 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 2nd quarter worth approximately $175,000. Finally, North Star Investment Management Corp. bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter valued at approximately $290,000.
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.
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