iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Trading Up 0.9% – Still a Buy?

Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) were up 0.9% on Tuesday . The stock traded as high as $190.03 and last traded at $189.00. 44,445 shares changed hands during trading, a decline of 64% from the average session volume of 125,057 shares. The stock had previously closed at $187.32.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Up 0.9%

The company’s 50 day moving average is $184.94 and its 200 day moving average is $178.01. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 23.81 and a beta of 1.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Nemes Rush Group LLC bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter worth approximately $46,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter valued at approximately $48,000. Parallel Advisors LLC boosted its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 310.0% in the first quarter. Parallel Advisors LLC now owns 410 shares of the company’s stock valued at $67,000 after buying an additional 310 shares during the period. FNY Investment Advisers LLC acquired a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter worth approximately $175,000. Finally, Farther Finance Advisors LLC grew its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 38.9% during the fourth quarter. Farther Finance Advisors LLC now owns 2,806 shares of the company’s stock worth $503,000 after buying an additional 786 shares in the last quarter.

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.