iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sees Large Volume Increase – What’s Next?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAIGet Free Report) shares saw strong trading volume on Monday . 289,481 shares changed hands during trading, an increase of 203% from the previous session’s volume of 95,593 shares.The stock last traded at $150.63 and had previously closed at $145.94.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Up 3.1 %

The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 19.09 and a beta of 0.95. The company has a 50-day moving average of $131.21 and a 200-day moving average of $123.46.

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

Large investors have recently added to or reduced their stakes in the stock. Cambridge Trust Co. acquired a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the first quarter worth $102,000. Eastern Bank acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter valued at $113,000. 9258 Wealth Management LLC acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter valued at $378,000. Bank of New York Mellon Corp acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter valued at $584,000. Finally, Transcend Capital Advisors LLC acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter valued at $1,423,000.

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

(Get Free Report)

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.

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