iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sees Unusually-High Trading Volume – Should You Buy?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) saw unusually-strong trading volume on Monday . Approximately 140,773 shares were traded during mid-day trading, an increase of 48% from the previous session’s volume of 94,817 shares.The stock last traded at $150.41 and had previously closed at $149.79.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Price Performance

The business’s 50-day simple moving average is $144.27 and its two-hundred day simple moving average is $130.07. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 19.09 and a beta of 0.95.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter worth approximately $584,000. WestEnd Advisors LLC bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter worth about $91,839,000. 9258 Wealth Management LLC acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter worth about $378,000. Eastern Bank bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 3rd quarter valued at approximately $113,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter valued at approximately $105,618,000.

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.