Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $120.97 and last traded at $120.97, with a volume of 2945 shares. The stock had previously closed at $120.34.
iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Performance
The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 19.09 and a beta of 0.95. The company’s fifty day simple moving average is $117.13 and its two-hundred day simple moving average is $112.29.
Institutional Trading of iShares U.S. Broker-Dealers & Securities Exchanges ETF
Several hedge funds have recently bought and sold shares of the company. Transcend Capital Advisors LLC purchased a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter worth approximately $1,423,000. Cambridge Trust Co. purchased a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the first quarter worth approximately $102,000. Finally, Q3 Asset Management increased its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 7.0% in the first quarter. Q3 Asset Management now owns 14,988 shares of the company’s stock worth $1,735,000 after acquiring an additional 980 shares in the last quarter.
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.
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