iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Shares Sold by WestEnd Advisors LLC

WestEnd Advisors LLC decreased its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 765,727 shares of the company’s stock after selling 19,690 shares during the period. iShares U.S. Broker-Dealers & Securities Exchanges ETF makes up 2.4% of WestEnd Advisors LLC’s investment portfolio, making the stock its 13th largest holding. WestEnd Advisors LLC owned 8.10% of iShares U.S. Broker-Dealers & Securities Exchanges ETF worth $98,442,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. 9258 Wealth Management LLC purchased a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 2nd quarter worth about $378,000. Transcend Capital Advisors LLC acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter worth approximately $1,423,000. Cambridge Trust Co. purchased a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the first quarter valued at approximately $102,000. Eastern Bank purchased a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter worth approximately $113,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 2nd quarter valued at $584,000.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Up 0.1 %

Shares of IAI stock traded up $0.12 on Wednesday, reaching $136.41. 31,447 shares of the stock were exchanged, compared to its average volume of 94,325. The stock has a market cap of $1.29 billion, a P/E ratio of 19.09 and a beta of 0.95. The firm has a 50 day moving average of $129.33 and a two-hundred day moving average of $121.95. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a 1-year low of $85.71 and a 1-year high of $138.74.

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.