iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Stock Price Up 0.4% – What’s Next?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s stock price were up 0.4% during mid-day trading on Tuesday . The stock traded as high as $135.24 and last traded at $133.82. Approximately 138,968 shares changed hands during trading, a decline of 2% from the average daily volume of 141,898 shares. The stock had previously closed at $133.32.

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

The firm has a market cap of $1.29 billion, a P/E ratio of 22.01 and a beta of 1.12. The company has a fifty day moving average of $142.69 and a 200-day moving average of $144.26.

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

A number of institutional investors have recently added to or reduced their stakes in the company. SouthState Corp bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter worth $38,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 488.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 294 shares of the company’s stock worth $41,000 after buying an additional 244 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the third quarter worth about $56,000. Kingswood Wealth Advisors LLC purchased a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter valued at about $419,000. Finally, Global Financial Private Client LLC bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 1st quarter valued at approximately $508,000.

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.