Bank of New York Mellon Corp Sells 211 Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)

Bank of New York Mellon Corp reduced its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,906 shares of the company’s stock after selling 211 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF were worth $1,139,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of IAI. Wilmington Savings Fund Society FSB purchased a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter valued at $56,000. Kingswood Wealth Advisors LLC bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter valued at $419,000. Fifth Third Securities Inc. bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter worth approximately $549,000. Q3 Asset Management raised its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 43.2% during the 4th quarter. Q3 Asset Management now owns 10,176 shares of the company’s stock valued at $1,464,000 after buying an additional 3,072 shares during the period. Finally, Jackson Wealth Management LLC bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter worth about $714,000.

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

IAI stock opened at $145.52 on Tuesday. The firm’s 50-day moving average is $150.22 and its 200 day moving average is $143.60. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a 12 month low of $109.17 and a 12 month high of $159.90. The company has a market capitalization of $1.48 billion, a PE ratio of 22.09 and a beta of 1.16.

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