iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sees Strong Trading Volume – Still a Buy?

Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) saw an uptick in trading volume on Monday . 220,539 shares traded hands during mid-day trading, an increase of 134% from the previous session’s volume of 94,241 shares.The stock last traded at $146.81 and had previously closed at $146.05.

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

The firm’s fifty day moving average price is $146.75 and its 200-day moving average price is $132.68. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 19.09 and a beta of 0.95.

Hedge Funds Weigh In On iShares U.S. Broker-Dealers & Securities Exchanges ETF

Large investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter worth approximately $56,000. Eastern Bank purchased a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter valued at $113,000. Bank of New York Mellon Corp acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter valued at $584,000. Finally, Janney Montgomery Scott LLC acquired a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter worth about $105,618,000.

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.