iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Hits New 1-Year High at $125.09

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $125.09 and last traded at $124.75, with a volume of 9581 shares trading hands. The stock had previously closed at $124.80.

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

The firm has a fifty day moving average of $119.74 and a two-hundred day moving average of $115.34. The stock has a market capitalization of $1.18 billion, a P/E ratio of 19.09 and a beta of 0.95.

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

Several large investors have recently modified their holdings of IAI. Cambridge Trust Co. bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the first quarter valued at approximately $102,000. 9258 Wealth Management LLC purchased a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter worth $378,000. Bank of New York Mellon Corp bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter valued at $584,000. Transcend Capital Advisors LLC purchased a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 2nd quarter valued at $1,423,000. Finally, Q3 Asset Management increased its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 7.0% in the 1st quarter. Q3 Asset Management now owns 14,988 shares of the company’s stock valued at $1,735,000 after acquiring an additional 980 shares during the period.

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.