iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sets New 12-Month High – Should You 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 Thursday . The company traded as high as $197.36 and last traded at $197.10, with a volume of 45110 shares trading hands. The stock had previously closed at $190.82.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Down 0.8%

The firm has a 50-day moving average of $189.40 and a 200 day moving average of $179.68. The company has a market cap of $1.42 billion, a P/E ratio of 23.81 and a beta of 1.08.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 26.8% in the third quarter. JPMorgan Chase & Co. now owns 3,234 shares of the company’s stock valued at $572,000 after buying an additional 683 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 3.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 122,669 shares of the company’s stock worth $21,714,000 after purchasing an additional 3,811 shares during the period. Nemes Rush Group LLC purchased a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter valued at $46,000. Janney Montgomery Scott LLC lifted its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 10.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 25,175 shares of the company’s stock valued at $4,516,000 after purchasing an additional 2,321 shares during the last quarter. Finally, Jump Financial LLC bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter worth approximately $8,043,000.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Company Profile

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.