iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sets New 52-Week High – What’s Next?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $189.65 and last traded at $189.4540, with a volume of 6929 shares changing hands. The stock had previously closed at $186.46.

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

The firm has a market capitalization of $1.74 billion, a P/E ratio of 23.81 and a beta of 1.17. The firm has a 50 day simple moving average of $178.64 and a two-hundred day simple moving average of $175.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IAI. JPMorgan Chase & Co. increased its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 26.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,234 shares of the company’s stock valued at $572,000 after buying an additional 683 shares during the last quarter. IFP Advisors Inc increased its position in shares of 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 valued at $5,925,000 after acquiring an additional 33,237 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings 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 during the period. Jones Financial Companies Lllp boosted its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 25.7% in the third quarter. Jones Financial Companies Lllp now owns 10,764 shares of the company’s stock worth $1,886,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Hudson Value Partners LLC boosted its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 20.3% in the third quarter. Hudson Value Partners LLC now owns 5,349 shares of the company’s stock worth $946,000 after purchasing an additional 903 shares during 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.