iShares U.S. Broker-Dealers & Securities Exchanges ETF $IAI Shares Acquired by IFP Advisors Inc

IFP Advisors Inc increased its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) by 12,637.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,500 shares of the company’s stock after buying an additional 33,237 shares during the period. IFP Advisors Inc owned about 0.36% of iShares U.S. Broker-Dealers & Securities Exchanges ETF worth $5,925,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter valued at $35,000. FWL Investment Management LLC acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter worth $95,000. CX Institutional increased its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 16.5% in 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. Kingswood Wealth Advisors LLC increased its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 10.2% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 1,554 shares of the company’s stock worth $275,000 after purchasing an additional 144 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 70.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,020 shares of the company’s stock valued at $357,000 after purchasing an additional 832 shares in the last quarter.

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

Shares of IAI stock opened at $163.61 on Friday. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a one year low of $116.88 and a one year high of $191.62. The company’s 50-day simple moving average is $175.89 and its 200-day simple moving average is $176.10. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 23.81 and a beta of 1.17.

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