iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Hits New 12-Month High – What’s Next?

Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $182.88 and last traded at $181.2210, with a volume of 66364 shares. The stock had previously closed at $182.22.

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

The firm’s 50 day moving average price is $174.38 and its two-hundred day moving average price is $171.65. The stock has a market cap of $1.68 billion, a PE ratio of 23.81 and a beta of 1.17.

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. Trust Co. of Vermont purchased a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter valued at about $35,000. Private Trust Co. NA boosted its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 299.2% in the 2nd quarter. Private Trust Co. NA now owns 507 shares of the company’s stock valued at $86,000 after purchasing an additional 380 shares during the period. FWL Investment Management LLC purchased a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter valued at $95,000. Farther Finance Advisors LLC increased its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 1,700.0% in the second quarter. Farther Finance Advisors LLC now owns 1,188 shares of the company’s stock worth $201,000 after purchasing an additional 1,122 shares during the period. Finally, CX Institutional raised its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 16.5% in the third quarter. CX Institutional now owns 1,210 shares of the company’s stock worth $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.