iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Reaches New 1-Year High – Here’s What Happened

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAIGet Free Report)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $151.36 and last traded at $151.36, with a volume of 45865 shares trading hands. The stock had previously closed at $149.64.

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

The business has a 50-day simple moving average of $135.12 and a 200-day simple moving average of $125.43. The firm has a market capitalization of $1.42 billion, a PE ratio of 19.09 and a beta of 0.95.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Cambridge Trust Co. purchased a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 1st quarter worth $102,000. Eastern Bank bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter valued at $113,000. 9258 Wealth Management LLC bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter valued at $378,000. Bank of New York Mellon Corp bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter valued at $584,000. Finally, Transcend Capital Advisors LLC bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter valued at $1,423,000.

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

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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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