iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Reaches New 52-Week High – Still a Buy?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $196.78 and last traded at $196.75, with a volume of 41361 shares trading hands. The stock had previously closed at $194.76.

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

The company’s fifty day simple moving average is $187.43 and its 200-day simple moving average is $178.42. The firm has a market capitalization of $1.43 billion, a PE ratio of 23.81 and a beta of 1.08.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Trust Co. of Vermont acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter valued at about $35,000. Nemes Rush Group LLC purchased a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter worth approximately $46,000. Parallel Advisors LLC increased its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 310.0% during the 1st quarter. Parallel Advisors LLC now owns 410 shares of the company’s stock valued at $67,000 after purchasing an additional 310 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter valued at approximately $175,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 38.9% in the fourth quarter. Farther Finance Advisors LLC now owns 2,806 shares of the company’s stock worth $503,000 after buying an additional 786 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.