iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Shares Climb 1.5% – What’s Next?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s stock price traded up 1.5% during mid-day trading on Thursday. The company traded as high as $177.74 and last traded at $177.49. 72,898 shares traded hands during trading, a decline of 36% from the average session volume of 113,982 shares. The stock had previously closed at $174.82.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Up 1.5%

The company has a fifty day moving average price of $186.38 and a 200 day moving average price of $182.73. The stock has a market cap of $1.30 billion, a PE ratio of 23.81 and a beta of 1.09.

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 stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 2nd quarter worth approximately $35,000. FNY Investment Advisers LLC bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter valued at $175,000. Parallel Advisors LLC raised its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 310.0% in the 1st quarter. Parallel Advisors LLC now owns 410 shares of the company’s stock worth $67,000 after acquiring an additional 310 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 130.3% during the 1st quarter. Bank of New York Mellon Corp now owns 4,467 shares of the company’s stock valued at $733,000 after acquiring an additional 2,527 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 26,979 shares of the company’s stock worth $4,429,000 after buying an additional 1,804 shares during the last quarter.

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.