Fisher Asset Management LLC Trims Position in iShares U.S. Broker-Dealers & Securities Exchanges ETF $IAI

Fisher Asset Management LLC cut its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 635,487 shares of the company’s stock after selling 22,030 shares during the quarter. Fisher Asset Management LLC owned about 0.06% of iShares U.S. Broker-Dealers & Securities Exchanges ETF worth $113,987,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. grew its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 3.2% during the third quarter. Ameriprise Financial Inc. now owns 122,669 shares of the company’s stock valued at $21,714,000 after acquiring an additional 3,811 shares in the last quarter. IFP Advisors Inc grew its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 12,637.6% during the third quarter. IFP Advisors Inc now owns 33,500 shares of the company’s stock valued at $5,925,000 after acquiring an additional 33,237 shares in the last quarter. Jones Financial Companies Lllp grew its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 25.7% during the third quarter. Jones Financial Companies Lllp now owns 10,764 shares of the company’s stock valued at $1,886,000 after acquiring an additional 2,200 shares in the last quarter. Jackson Wealth Management LLC grew its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 22.5% during the fourth quarter. Jackson Wealth Management LLC now owns 6,407 shares of the company’s stock valued at $1,149,000 after acquiring an additional 1,178 shares in the last quarter. Finally, Fifth Third Securities Inc. grew its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 2.0% during the fourth quarter. Fifth Third Securities Inc. now owns 6,283 shares of the company’s stock valued at $1,127,000 after acquiring an additional 124 shares in the last quarter.

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

IAI opened at $179.89 on Tuesday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 23.81 and a beta of 1.09. The company has a fifty day moving average of $172.41 and a 200 day moving average of $175.76. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a fifty-two week low of $151.28 and a fifty-two week high of $191.62.

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.