iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Reaches New 52-Week High – Here’s What Happened

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) shares reached a new 52-week high on Monday . The stock traded as high as $183.23 and last traded at $183.0910, with a volume of 29877 shares changing hands. The stock had previously closed at $180.12.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Up 1.5%

The stock’s 50-day moving average price is $174.75 and its 200-day moving average price is $172.49. The company has a market cap of $1.70 billion, a P/E ratio of 23.81 and a beta of 1.17.

Institutional Investors Weigh In On iShares U.S. Broker-Dealers & Securities Exchanges ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Trust Co. of Vermont acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter worth approximately $35,000. Private Trust Co. NA raised its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 299.2% during the second quarter. Private Trust Co. NA now owns 507 shares of the company’s stock worth $86,000 after buying an additional 380 shares during the last quarter. FWL Investment Management LLC bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter valued at $95,000. Farther Finance Advisors LLC grew its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 1,700.0% during the second quarter. Farther Finance Advisors LLC now owns 1,188 shares of the company’s stock valued at $201,000 after buying an additional 1,122 shares during the last quarter. Finally, CX Institutional increased its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 16.5% during the third quarter. CX Institutional now owns 1,210 shares of the company’s stock worth $214,000 after acquiring an additional 171 shares in the last quarter.

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.