iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Hits New 52-Week High – Time to Buy?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $180.99 and last traded at $180.7670, with a volume of 9961 shares traded. The stock had previously closed at $178.94.

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

The company’s 50-day moving average price is $174.13 and its 200 day moving average price is $171.16. The stock has a market cap of $1.69 billion, a PE ratio of 23.81 and a beta of 1.17.

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

Several hedge funds have recently modified their holdings of IAI. Trust Co. of Vermont bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 3rd quarter valued at $35,000. Private Trust Co. NA lifted its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 299.2% in the second quarter. Private Trust Co. NA now owns 507 shares of the company’s stock worth $86,000 after buying an additional 380 shares in the last quarter. FWL Investment Management LLC bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter valued at approximately $95,000. Farther Finance Advisors LLC boosted its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 1,700.0% during the second quarter. Farther Finance Advisors LLC now owns 1,188 shares of the company’s stock valued at $201,000 after buying an additional 1,122 shares during the last quarter. Finally, CX Institutional grew its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 16.5% during the 3rd quarter. CX Institutional now owns 1,210 shares of the company’s stock valued at $214,000 after buying an additional 171 shares in the last quarter.

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.