iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sees Unusually-High Trading Volume – Time to Buy?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) saw unusually-high trading volume on Friday . Approximately 99,552 shares were traded during trading, a decline of 43% from the previous session’s volume of 173,146 shares.The stock last traded at $183.6830 and had previously closed at $183.93.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Down 0.1%

The company’s fifty day moving average is $175.63 and its 200 day moving average is $173.02. The stock has a market cap of $1.71 billion, a PE ratio of 23.81 and a beta of 1.17.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Trust Co. of Vermont purchased a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter valued at about $35,000. Private Trust Co. NA grew its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 299.2% in the second quarter. Private Trust Co. NA now owns 507 shares of the company’s stock valued at $86,000 after acquiring an additional 380 shares in the last quarter. FWL Investment Management LLC purchased a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter valued at approximately $95,000. Farther Finance Advisors LLC lifted its position 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 worth $201,000 after purchasing an additional 1,122 shares in the last quarter. Finally, CX Institutional boosted its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 16.5% in the third quarter. CX Institutional now owns 1,210 shares of the company’s stock valued at $214,000 after purchasing an additional 171 shares during the period.

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.