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

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $179.84 and last traded at $179.3490, with a volume of 15185 shares trading hands. The stock had previously closed at $176.88.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Down 1.0%

The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 23.81 and a beta of 1.17. The company’s 50-day moving average is $174.89 and its 200-day moving average is $167.92.

Institutional Trading of iShares U.S. Broker-Dealers & Securities Exchanges ETF

A number of institutional investors have recently modified their holdings of the company. Trust Co. of Vermont bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter worth approximately $35,000. Private Trust Co. NA boosted its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 299.2% in the second quarter. Private Trust Co. NA now owns 507 shares of the company’s stock valued at $86,000 after acquiring an additional 380 shares during the last quarter. FWL Investment Management LLC bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 2nd quarter worth about $95,000. Farther Finance Advisors LLC boosted its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 1,700.0% during the second quarter. Farther Finance Advisors LLC now owns 1,188 shares of the company’s stock worth $201,000 after acquiring an additional 1,122 shares in the last quarter. Finally, CX Institutional grew its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 16.5% in the third quarter. CX Institutional now owns 1,210 shares of the company’s stock valued at $214,000 after acquiring an additional 171 shares during the period.

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.