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

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $154.41 and last traded at $153.83, with a volume of 1889 shares. The stock had previously closed at $153.97.

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

The business’s fifty day moving average price is $148.82 and its 200 day moving average price is $135.69. The firm has a market capitalization of $1.47 billion, a PE ratio of 19.09 and a beta of 0.95.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 3rd quarter valued at about $105,618,000. Fifth Third Securities Inc. acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter valued at approximately $549,000. Q3 Asset Management grew its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 43.2% during the fourth quarter. Q3 Asset Management now owns 10,176 shares of the company’s stock worth $1,464,000 after buying an additional 3,072 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter worth $419,000. Finally, Eastern Bank acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter valued at $113,000.

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.