iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Trading 0.4% Higher – Here’s Why

Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) traded up 0.4% during trading on Tuesday . The stock traded as high as $135.24 and last traded at $133.82. 138,968 shares were traded during trading, a decline of 2% from the average session volume of 141,898 shares. The stock had previously closed at $133.32.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Up 0.4 %

The stock has a market capitalization of $1.30 billion, a P/E ratio of 22.01 and a beta of 1.12. The stock’s fifty day moving average price is $143.23 and its two-hundred day moving average price is $144.35.

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

Several hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 3rd quarter worth $56,000. Kingswood Wealth Advisors LLC bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter worth about $419,000. Fifth Third Securities Inc. purchased a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter worth about $549,000. Q3 Asset Management lifted its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 43.2% during the 4th quarter. Q3 Asset Management now owns 10,176 shares of the company’s stock valued at $1,464,000 after acquiring an additional 3,072 shares during the period. Finally, Jackson Wealth Management LLC purchased a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter valued at about $714,000.

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

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.