iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Trading Up 0.1% – Time to Buy?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s stock price were up 0.1% during mid-day trading on Friday . The company traded as high as $181.34 and last traded at $179.89. Approximately 57,137 shares were traded during trading, a decline of 58% from the average daily volume of 137,598 shares. The stock had previously closed at $179.73.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Up 0.1%

The stock has a 50 day moving average of $172.04 and a 200-day moving average of $175.71. The company has a market capitalization of $1.54 billion, a P/E ratio of 23.81 and a beta of 1.09.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IAI. Nemes Rush Group LLC bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter valued at approximately $46,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter worth approximately $48,000. Parallel Advisors LLC lifted its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 310.0% in the 1st quarter. Parallel Advisors LLC now owns 410 shares of the company’s stock worth $67,000 after purchasing an additional 310 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 38.9% in the 4th quarter. Farther Finance Advisors LLC now owns 2,806 shares of the company’s stock worth $503,000 after purchasing an additional 786 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 26.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,234 shares of the company’s stock worth $572,000 after purchasing an additional 683 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.