iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Stock Break Above Two Hundred Day Moving Average – Should You Sell?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $179.93 and traded as high as $182.87. iShares U.S. Broker-Dealers & Securities Exchanges ETF shares last traded at $181.83, with a volume of 119,421 shares.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Up 1.3%

The company has a 50 day moving average of $181.47 and a 200-day moving average of $179.90. The firm has a market capitalization of $1.31 billion, a P/E ratio of 18.58 and a beta of 1.08.

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

A number of institutional investors have recently modified their holdings of IAI. Fisher Asset Management LLC bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter worth about $99,865,000. Russell Investments Group Ltd. raised its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 30.4% in the third quarter. Russell Investments Group Ltd. now owns 399 shares of the company’s stock valued at $70,000 after buying an additional 93 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 41.7% in the third quarter. Parallel Advisors LLC now owns 4,402 shares of the company’s stock valued at $775,000 after buying an additional 1,295 shares during the period. North Star Investment Management Corp. bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the third quarter valued at approximately $290,000. Finally, WestEnd Advisors LLC acquired a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter worth approximately $25,000.

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.