iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Hits New 12-Month High – What’s Next?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s share price hit a new 52-week high 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 Up 1.0 %

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 28.1% during the fourth quarter. Jones Financial Companies Lllp now owns 5,061 shares of the company’s stock worth $729,000 after acquiring an additional 1,111 shares during the last quarter. Hudson Value Partners LLC bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter valued at about $558,000. Jackson Wealth Management LLC bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter valued at about $714,000. Q3 Asset Management raised its stake in shares of 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 last quarter. Finally, Fifth Third Securities Inc. acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter valued at approximately $549,000.

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.