iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI – Get Free Report) saw strong trading volume on Monday . 220,539 shares changed hands during trading, an increase of 134% from the previous session’s volume of 94,241 shares.The stock last traded at $146.81 and had previously closed at $146.05.
iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Up 0.6 %
The company has a market cap of $1.37 billion, a PE ratio of 19.09 and a beta of 0.95. The stock’s 50 day simple moving average is $147.11 and its two-hundred day simple moving average is $133.09.
Institutional Trading of iShares U.S. Broker-Dealers & Securities Exchanges ETF
A number of institutional investors have recently modified their holdings of IAI. Janney Montgomery Scott LLC purchased a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter valued at approximately $105,618,000. Bank of New York Mellon Corp acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 2nd quarter valued at approximately $584,000. Eastern Bank purchased a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter valued at approximately $113,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter worth approximately $56,000.
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.
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