Fisher Asset Management LLC Sells 22,030 Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF $IAI

Fisher Asset Management LLC decreased its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 635,487 shares of the company’s stock after selling 22,030 shares during the period. Fisher Asset Management LLC owned about 6.08% of iShares U.S. Broker-Dealers & Securities Exchanges ETF worth $113,987,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IAI. Jones Financial Companies Lllp raised its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 25.7% in the third quarter. Jones Financial Companies Lllp now owns 10,764 shares of the company’s stock worth $1,886,000 after acquiring an additional 2,200 shares during the period. JPMorgan Chase & Co. raised its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 26.8% in the third quarter. JPMorgan Chase & Co. now owns 3,234 shares of the company’s stock worth $572,000 after acquiring an additional 683 shares during the period. Ameriprise Financial Inc. raised its position 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 worth $21,714,000 after acquiring an additional 3,811 shares during the period. IFP Advisors Inc raised its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 12,637.6% in the third quarter. IFP Advisors Inc now owns 33,500 shares of the company’s stock worth $5,925,000 after acquiring an additional 33,237 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter worth approximately $48,000.

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

IAI opened at $179.89 on Tuesday. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a 1-year low of $151.28 and a 1-year high of $191.62. The company has a market capitalization of $1.54 billion, a PE ratio of 23.81 and a beta of 1.09. The firm’s 50 day simple moving average is $172.41 and its two-hundred day simple moving average is $175.76.

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.