iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Reaches New 12-Month High – Here’s What Happened

Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $158.94 and last traded at $158.94, with a volume of 96860 shares. The stock had previously closed at $156.55.

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

The stock’s 50 day moving average price is $149.90 and its 200-day moving average price is $138.85. The company has a market cap of $1.50 billion, a PE ratio of 19.09 and a beta of 0.95.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. SouthState Corp purchased a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter worth approximately $38,000. Wilmington Savings Fund Society FSB bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter valued at approximately $56,000. Eastern Bank bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter valued at approximately $113,000. Kingswood Wealth Advisors LLC purchased a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter worth $419,000. Finally, Fifth Third Securities Inc. bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter valued at $549,000.

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.