iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sets New 12-Month High – Here’s What Happened

Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $197.36 and last traded at $197.10, with a volume of 45110 shares trading hands. The stock had previously closed at $190.82.

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

The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 23.81 and a beta of 1.08. The business’s 50 day moving average is $188.58 and its 200 day moving average is $179.36.

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

Institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 26,979 shares of the company’s stock valued at $4,429,000 after purchasing an additional 1,804 shares during the period. Bank of New York Mellon Corp increased its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 130.3% in the 1st quarter. Bank of New York Mellon Corp now owns 4,467 shares of the company’s stock valued at $733,000 after buying an additional 2,527 shares during the period. JPMorgan Chase & Co. increased its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 26.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,234 shares of the company’s stock valued at $572,000 after buying an additional 683 shares during the period. Ameriprise Financial Inc. lifted its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 3.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 122,669 shares of the company’s stock worth $21,714,000 after buying an additional 3,811 shares in the last quarter. Finally, Nemes Rush Group LLC purchased a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter worth approximately $46,000.

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.