iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) saw unusually-strong trading volume on Monday . Approximately 185,019 shares were traded during mid-day trading, an increase of 96% from the previous session’s volume of 94,487 shares.The stock last traded at $153.12 and had previously closed at $153.41.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Down 0.2 %

The firm has a market cap of $1.45 billion, a P/E ratio of 19.09 and a beta of 0.95. The business’s fifty day simple moving average is $138.79 and its 200-day simple moving average is $127.28.

Hedge Funds Weigh In On iShares U.S. Broker-Dealers & Securities Exchanges ETF

Large investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter valued at about $56,000. Eastern Bank bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 3rd quarter worth $113,000. 9258 Wealth Management LLC purchased a new stake in shares of 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 shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter worth $584,000. Finally, WestEnd Advisors LLC bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter worth $91,839,000.

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

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.