iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sets New 52-Week High – What’s Next?

Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) hit a new 52-week high during trading on Thursday . The stock traded as high as $154.41 and last traded at $153.83, with a volume of 1889 shares. The stock had previously closed at $153.97.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Up 0.2 %

The firm has a fifty day moving average of $148.53 and a 200-day moving average of $135.29. The firm has a market cap of $1.46 billion, a P/E ratio of 19.09 and a beta of 0.95.

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

Several hedge funds have recently added to or reduced their stakes in IAI. Eastern Bank acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter worth about $113,000. Janney Montgomery Scott LLC acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter worth about $105,618,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter worth about $56,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter worth about $419,000.

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.