iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Stock Price Down 0.1% – Here’s Why

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s stock price dropped 0.1% during trading on Friday . The stock traded as low as $176.24 and last traded at $176.24. Approximately 45,394 shares were traded during trading, a decline of 68% from the average daily volume of 142,184 shares. The stock had previously closed at $176.50.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Down 0.1%

The company’s 50 day moving average price is $169.85 and its 200 day moving average price is $175.22. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 23.81 and a beta of 1.09.

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

Several institutional investors and hedge funds have recently made changes to their positions in IAI. Jump Financial LLC acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter worth $8,043,000. IFP Advisors Inc lifted its stake in shares of 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 worth $5,925,000 after buying an additional 33,237 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of 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 worth $21,714,000 after buying an additional 3,811 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 10.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 25,175 shares of the company’s stock worth $4,516,000 after buying an additional 2,321 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 25.7% during the third quarter. Jones Financial Companies Lllp now owns 10,764 shares of the company’s stock worth $1,886,000 after buying an additional 2,200 shares during the period.

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.