iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Reaches New 12-Month High – What’s Next?

Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) hit a new 52-week high on Tuesday . The company traded as high as $192.25 and last traded at $192.20, with a volume of 5877 shares trading hands. The stock had previously closed at $188.50.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Up 1.5%

The stock has a market capitalization of $1.47 billion, a PE ratio of 23.81 and a beta of 1.09. The firm has a 50 day moving average price of $182.27 and a 200-day moving average price of $177.67.

Institutional Trading of iShares U.S. Broker-Dealers & Securities Exchanges ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 26.8% in the third quarter. JPMorgan Chase & Co. now owns 3,234 shares of the company’s stock worth $572,000 after acquiring an additional 683 shares during the period. Ameriprise Financial Inc. lifted its position 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 valued at $21,714,000 after purchasing an additional 3,811 shares during the period. IFP Advisors Inc lifted its position in 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 purchasing an additional 33,237 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter valued at $48,000. Finally, Jackson Wealth Management LLC boosted its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 22.5% in the fourth quarter. Jackson Wealth Management LLC now owns 6,407 shares of the company’s stock valued at $1,149,000 after purchasing an additional 1,178 shares during the last quarter.

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.