iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sets New 1-Year High – Here’s Why

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $157.97 and last traded at $157.79, with a volume of 2216 shares. The stock had previously closed at $156.34.

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

The stock’s 50-day simple moving average is $149.50 and its two-hundred day simple moving average is $137.66. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 19.09 and a beta of 0.95.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. 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 during the 3rd quarter worth about $113,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter valued at about $419,000. Fifth Third Securities Inc. acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter valued at about $549,000. Finally, Hudson Value Partners LLC bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter valued at about $558,000.

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.