iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Stock Price Up 0.4%

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI – Get Rating)’s share price rose 0.4% during trading on Monday . The stock traded as high as $88.35 and last traded at $88.14. Approximately 24,607 shares changed hands during trading, a decline of 78% from the average daily volume of 112,755 shares. The stock had previously closed at $87.80.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Up 0.4 %

The company has a market cap of $656.67 million, a PE ratio of 10.04 and a beta of 1.05. The firm has a 50 day simple moving average of $89.69 and a 200-day simple moving average of $96.41.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. acquired a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 1st quarter worth approximately $43,000. JPMorgan Chase & Co. raised its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 563.0% during the 4th quarter. JPMorgan Chase & Co. now owns 610 shares of the company’s stock worth $58,000 after buying an additional 518 shares during the period. MinichMacGregor Wealth Management LLC purchased a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter worth approximately $111,000. North Star Investment Management Corp. purchased a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter worth approximately $158,000. Finally, Corbyn Investment Management Inc. MD purchased a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter worth approximately $216,000.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Company Profile

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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.