Eastern Bank acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI – Free Report) during the third quarter, Holdings Channel reports. The institutional investor acquired 880 shares of the company’s stock, valued at approximately $113,000.
Several other institutional investors have also recently made changes to their positions in IAI. Cambridge Trust Co. purchased a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the first quarter worth $102,000. 9258 Wealth Management LLC acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter worth about $378,000. Bank of New York Mellon Corp purchased a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter worth about $584,000. Transcend Capital Advisors LLC acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter valued at about $1,423,000. Finally, WestEnd Advisors LLC acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter valued at about $91,839,000.
iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Up 0.6 %
NYSEARCA IAI opened at $136.07 on Friday. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 19.09 and a beta of 0.95. The stock has a 50-day moving average of $128.67 and a 200 day moving average of $121.37. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a twelve month low of $85.10 and a twelve month high of $138.74.
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.
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