iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Stock Price Up 0.1% – What’s Next?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) rose 0.1% on Friday . The stock traded as high as $181.34 and last traded at $179.89. Approximately 57,137 shares traded hands during trading, a decline of 58% from the average daily volume of 137,598 shares. The stock had previously closed at $179.73.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Up 0.1%

The firm has a 50 day simple moving average of $172.04 and a two-hundred day simple moving average of $175.71. The stock has a market capitalization of $1.54 billion, a P/E ratio of 23.81 and a beta of 1.09.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IAI. Jump Financial LLC acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter worth about $8,043,000. IFP Advisors Inc raised its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 12,637.6% during the third quarter. IFP Advisors Inc now owns 33,500 shares of the company’s stock worth $5,925,000 after acquiring an additional 33,237 shares in the last quarter. Ameriprise Financial Inc. raised its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 3.2% during the third quarter. Ameriprise Financial Inc. now owns 122,669 shares of the company’s stock worth $21,714,000 after acquiring an additional 3,811 shares in the last quarter. Bank of New York Mellon Corp raised its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 130.3% during the first quarter. Bank of New York Mellon Corp now owns 4,467 shares of the company’s stock worth $733,000 after acquiring an additional 2,527 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake 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 worth $4,516,000 after acquiring an additional 2,321 shares in the last quarter.

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.