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

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) hit a new 52-week high on Tuesday . The stock traded as high as $180.99 and last traded at $180.7670, with a volume of 9961 shares changing hands. The stock had previously closed at $178.94.

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

The stock has a market capitalization of $1.68 billion, a P/E ratio of 23.81 and a beta of 1.17. The business’s 50 day simple moving average is $173.92 and its 200-day simple moving average is $170.89.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IAI. Ameriprise Financial Inc. grew its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 3.2% in the third quarter. Ameriprise Financial Inc. now owns 122,669 shares of the company’s stock valued at $21,714,000 after acquiring an additional 3,811 shares during the period. IFP Advisors Inc grew its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 12,637.6% in the 3rd quarter. IFP Advisors Inc now owns 33,500 shares of the company’s stock valued at $5,925,000 after purchasing an additional 33,237 shares during the period. Jones Financial Companies Lllp increased its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 25.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 10,764 shares of the company’s stock worth $1,886,000 after purchasing an additional 2,200 shares in the last quarter. Fifth Third Securities Inc. increased its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 4.1% during the 3rd quarter. Fifth Third Securities Inc. now owns 6,159 shares of the company’s stock worth $1,089,000 after purchasing an additional 242 shares in the last quarter. Finally, Hudson Value Partners LLC raised its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 20.3% during the 3rd quarter. Hudson Value Partners LLC now owns 5,349 shares of the company’s stock worth $946,000 after buying an additional 903 shares during the period.

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.