iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Hits New 52-Week High at $127.05

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s stock price hit a new 52-week high on Monday . The stock traded as high as $127.05 and last traded at $126.97, with a volume of 1383 shares changing hands. The stock had previously closed at $126.32.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Up 0.3 %

The firm has a fifty day simple moving average of $121.11 and a 200 day simple moving average of $116.29. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 19.09 and a beta of 0.95.

Hedge Funds Weigh In On iShares U.S. Broker-Dealers & Securities Exchanges ETF

Several large investors have recently added to or reduced their stakes in the company. WestEnd Advisors LLC acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 2nd quarter valued at approximately $91,839,000. Q3 Asset Management boosted its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 7.0% in the 1st quarter. Q3 Asset Management now owns 14,988 shares of the company’s stock valued at $1,735,000 after purchasing an additional 980 shares in the last quarter. Transcend Capital Advisors LLC bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter valued at about $1,423,000. Bank of New York Mellon Corp acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter valued at about $584,000. Finally, 9258 Wealth Management LLC bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter worth about $378,000.

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.