iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sets New 12-Month High – Should You Buy?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $187.79 and last traded at $188.23, with a volume of 12271 shares traded. The stock had previously closed at $181.81.

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

The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 23.81 and a beta of 1.17. The business has a 50-day simple moving average of $176.72 and a two-hundred day simple moving average of $174.32.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Trust Co. of Vermont acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter worth about $35,000. Private Trust Co. NA raised its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 299.2% during the second quarter. Private Trust Co. NA now owns 507 shares of the company’s stock worth $86,000 after acquiring an additional 380 shares in the last quarter. FWL Investment Management LLC acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter valued at approximately $95,000. Farther Finance Advisors LLC grew its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 1,700.0% in the second quarter. Farther Finance Advisors LLC now owns 1,188 shares of the company’s stock valued at $201,000 after purchasing an additional 1,122 shares in the last quarter. Finally, CX Institutional increased its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 16.5% during the 3rd quarter. CX Institutional now owns 1,210 shares of the company’s stock worth $214,000 after purchasing an additional 171 shares during the last quarter.

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.