iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Share Price Cross Above Two Hundred Day Moving Average – Should You Sell?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s stock price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $180.20 and traded as high as $181.42. iShares U.S. Broker-Dealers & Securities Exchanges ETF shares last traded at $180.30, with a volume of 111,719 shares trading hands.

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

The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 23.81 and a beta of 1.09. The stock has a 50 day simple moving average of $183.59 and a two-hundred day simple moving average of $180.15.

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

Several hedge funds and other institutional investors have recently made changes to their positions in IAI. Janney Montgomery Scott LLC raised its stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 7.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 26,979 shares of the company’s stock worth $4,429,000 after acquiring an additional 1,804 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 130.3% in the 1st quarter. Bank of New York Mellon Corp now owns 4,467 shares of the company’s stock valued at $733,000 after purchasing an additional 2,527 shares during the period. Fifth Third Securities Inc. purchased a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter worth approximately $665,000. North Star Investment Management Corp. acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter worth approximately $290,000. Finally, FNY Investment Advisers LLC acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter worth approximately $175,000.

About iShares U.S. Broker-Dealers & Securities Exchanges ETF

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.