iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sees Strong Trading Volume – Should You Buy?

Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) saw an uptick in trading volume on Monday . 289,481 shares were traded during trading, an increase of 203% from the previous session’s volume of 95,593 shares.The stock last traded at $150.63 and had previously closed at $145.94.

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

The company has a market cap of $1.40 billion, a P/E ratio of 19.09 and a beta of 0.95. The stock has a 50-day simple moving average of $132.15 and a 200 day simple moving average of $123.99.

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

Institutional investors have recently added to or reduced their stakes in the stock. Cambridge Trust Co. acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the first quarter worth $102,000. Eastern Bank acquired a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 3rd quarter valued at about $113,000. 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 acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter worth approximately $584,000. Finally, Transcend Capital Advisors LLC bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter valued at approximately $1,423,000.

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.