iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sees Strong Trading Volume – Should You Buy?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) saw unusually-high trading volume on Tuesday . Approximately 393,634 shares traded hands during mid-day trading, an increase of 148% from the previous session’s volume of 158,516 shares.The stock last traded at $179.8160 and had previously closed at $181.29.

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

The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 23.81 and a beta of 1.17. The business’s fifty day simple moving average is $182.77 and its 200 day simple moving average is $177.21.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IAI. Trust Co. of Vermont acquired a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter valued at approximately $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter worth approximately $48,000. Private Trust Co. NA grew its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 299.2% during the second quarter. Private Trust Co. NA now owns 507 shares of the company’s stock worth $86,000 after buying an additional 380 shares in the last quarter. FWL Investment Management LLC bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter worth $95,000. Finally, CX Institutional raised its holdings 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 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.