iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Reaches New 12-Month High – Time to Buy?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $179.84 and last traded at $179.3490, with a volume of 15185 shares changing hands. The stock had previously closed at $176.88.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Up 1.3%

The firm has a market cap of $1.67 billion, a P/E ratio of 23.81 and a beta of 1.17. The company’s fifty day moving average price is $174.67 and its two-hundred day moving average price is $167.55.

Institutional Trading of iShares U.S. Broker-Dealers & Securities Exchanges ETF

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 26.8% in the third quarter. JPMorgan Chase & Co. now owns 3,234 shares of the company’s stock valued at $572,000 after buying an additional 683 shares during the last quarter. Jones Financial Companies Lllp increased its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 25.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 10,764 shares of the company’s stock valued at $1,886,000 after acquiring an additional 2,200 shares in the last quarter. Hudson Value Partners LLC increased its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 20.3% in the 3rd quarter. Hudson Value Partners LLC now owns 5,349 shares of the company’s stock valued at $946,000 after acquiring an additional 903 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 10.2% in the third quarter. Kingswood Wealth Advisors LLC now owns 1,554 shares of the company’s stock worth $275,000 after acquiring an additional 144 shares during the last quarter. Finally, CX Institutional lifted its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 16.5% during the third quarter. CX Institutional now owns 1,210 shares of the company’s stock worth $214,000 after purchasing an additional 171 shares in 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.