iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sets New 12-Month High at $129.00

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) shares reached a new 52-week high on Friday . The company traded as high as $129.00 and last traded at $128.99, with a volume of 18759 shares. The stock had previously closed at $127.75.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Up 0.8 %

The business has a 50-day moving average price of $124.22 and a 200 day moving average price of $118.77. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 19.09 and a beta of 0.95.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. WestEnd Advisors LLC acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter valued at approximately $91,839,000. Transcend Capital Advisors LLC acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter valued at approximately $1,423,000. Bank of New York Mellon Corp acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter valued at approximately $584,000. 9258 Wealth Management LLC acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter valued at approximately $378,000. Finally, Q3 Asset Management increased its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 7.0% in the first quarter. Q3 Asset Management now owns 14,988 shares of the company’s stock valued at $1,735,000 after purchasing an additional 980 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.