Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 185,019 shares changed hands during mid-day trading, an increase of 96% from the previous session’s volume of 94,487 shares.The stock last traded at $153.12 and had previously closed at $153.41.
iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Performance
The business’s 50-day moving average is $138.79 and its 200 day moving average is $127.28. The company has a market cap of $1.45 billion, a PE ratio of 19.09 and a beta of 0.95.
Institutional Trading of iShares U.S. Broker-Dealers & Securities Exchanges ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the third quarter worth $56,000. Eastern Bank bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 3rd quarter worth about $113,000. 9258 Wealth Management LLC purchased a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter valued at about $378,000. Bank of New York Mellon Corp bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter worth about $584,000. Finally, WestEnd Advisors LLC purchased a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter worth about $91,839,000.
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.
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