iShares U.S. Broker-Dealers & Securities Exchanges ETF $IAI Shares Sold by WestEnd Advisors LLC

WestEnd Advisors LLC lessened its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) by 89.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 527 shares of the company’s stock after selling 4,680 shares during the quarter. WestEnd Advisors LLC’s holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF were worth $89,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jackson Wealth Management LLC increased its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 2.2% in the 2nd quarter. Jackson Wealth Management LLC now owns 5,089 shares of the company’s stock worth $861,000 after acquiring an additional 108 shares in the last quarter. Rossby Financial LCC purchased a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 1st quarter worth $38,000. Cambridge Investment Research Advisors Inc. increased its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 16.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,199 shares of the company’s stock worth $308,000 after acquiring an additional 313 shares in the last quarter. Hudson Value Partners LLC increased its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 16.1% in the 1st quarter. Hudson Value Partners LLC now owns 4,490 shares of the company’s stock worth $629,000 after acquiring an additional 621 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 1,700.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,188 shares of the company’s stock worth $201,000 after acquiring an additional 1,122 shares in the last quarter.

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

Shares of NYSEARCA IAI opened at $175.05 on Wednesday. The firm has a market cap of $1.56 billion, a PE ratio of 23.81 and a beta of 1.05. The firm has a fifty day moving average of $174.85 and a 200 day moving average of $160.24. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a one year low of $116.88 and a one year high of $179.07.

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.