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

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $142.44 and last traded at $142.44, with a volume of 2358 shares traded. The stock had previously closed at $135.09.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Up 7.5 %

The firm’s 50 day simple moving average is $130.12 and its 200-day simple moving average is $122.78. The company has a market capitalization of $1.37 billion, a PE ratio of 19.09 and a beta of 0.95.

Institutional Investors Weigh In On iShares U.S. Broker-Dealers & Securities Exchanges ETF

Institutional investors have recently bought and sold shares of the business. Cambridge Trust Co. purchased a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the first quarter worth approximately $102,000. Eastern Bank acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter worth $113,000. 9258 Wealth Management LLC acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter worth $378,000. Bank of New York Mellon Corp acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter worth $584,000. Finally, Transcend Capital Advisors LLC acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter worth $1,423,000.

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.