Corbyn Investment Management Inc. MD Sells 424 Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)

Corbyn Investment Management Inc. MD reduced its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) by 19.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,721 shares of the company’s stock after selling 424 shares during the period. Corbyn Investment Management Inc. MD’s holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF were worth $201,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Trust Co. bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 1st quarter valued at about $102,000. Q3 Asset Management lifted its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 7.0% during the 1st quarter. Q3 Asset Management now owns 14,988 shares of the company’s stock valued at $1,735,000 after purchasing an additional 980 shares during the last quarter. 9258 Wealth Management LLC bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter worth about $378,000. Bank of New York Mellon Corp bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter worth about $584,000. Finally, Transcend Capital Advisors LLC bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter worth about $1,423,000.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Down 2.0 %

Shares of NYSEARCA IAI opened at $123.02 on Friday. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a 1-year low of $85.10 and a 1-year high of $127.73. The company has a market cap of $1.16 billion, a PE ratio of 19.09 and a beta of 0.95. The company has a 50-day moving average of $122.61 and a two-hundred day moving average of $117.28.

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.