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

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) shares saw unusually-strong trading volume on Tuesday . Approximately 406,196 shares were traded during trading, an increase of 256% from the previous session’s volume of 114,024 shares.The stock last traded at $185.1730 and had previously closed at $185.76.

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

The stock has a market cap of $1.79 billion, a PE ratio of 23.81 and a beta of 1.17. The firm has a fifty day moving average price of $181.70 and a 200 day moving average price of $176.80.

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

Several institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its holdings in shares of 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 valued at $21,714,000 after acquiring an additional 3,811 shares in the last quarter. IFP Advisors Inc grew its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 12,637.6% during the 3rd quarter. IFP Advisors Inc now owns 33,500 shares of the company’s stock worth $5,925,000 after purchasing an additional 33,237 shares during the last quarter. Jones Financial Companies Lllp increased its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 25.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 10,764 shares of the company’s stock valued at $1,886,000 after purchasing an additional 2,200 shares in the last quarter. Jackson Wealth Management LLC increased its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 22.5% during the 4th quarter. Jackson Wealth Management LLC now owns 6,407 shares of the company’s stock valued at $1,149,000 after purchasing an additional 1,178 shares in the last quarter. Finally, Fifth Third Securities Inc. raised its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 2.0% in the fourth quarter. Fifth Third Securities Inc. now owns 6,283 shares of the company’s stock worth $1,127,000 after buying an additional 124 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.