iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sets New 1-Year High – What’s Next?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s share price reached a new 52-week high on Thursday . The stock traded as high as $151.36 and last traded at $151.36, with a volume of 45865 shares trading hands. The stock had previously closed at $149.64.

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

The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 19.09 and a beta of 0.95. The business has a fifty day moving average price of $135.65 and a two-hundred day moving average price of $125.61.

Institutional Trading of iShares U.S. Broker-Dealers & Securities Exchanges ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IAI. Cambridge Trust Co. acquired a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the first quarter worth about $102,000. Eastern Bank purchased a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 3rd quarter worth approximately $113,000. 9258 Wealth Management LLC acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter worth approximately $378,000. Bank of New York Mellon Corp purchased a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter valued at approximately $584,000. Finally, Transcend Capital Advisors LLC acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 2nd quarter valued at $1,423,000.

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.