WestEnd Advisors LLC Sells 19,690 Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)

WestEnd Advisors LLC lowered its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 765,727 shares of the company’s stock after selling 19,690 shares during the period. iShares U.S. Broker-Dealers & Securities Exchanges ETF accounts for 2.4% of WestEnd Advisors LLC’s portfolio, making the stock its 13th largest position. WestEnd Advisors LLC owned approximately 0.08% of iShares U.S. Broker-Dealers & Securities Exchanges ETF worth $98,442,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Cambridge Trust Co. bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the first quarter worth approximately $102,000. Eastern Bank purchased a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 3rd quarter worth about $113,000. 9258 Wealth Management LLC purchased a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter valued at approximately $378,000. Bank of New York Mellon Corp bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter worth about $584,000. Finally, Transcend Capital Advisors LLC acquired a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter valued at approximately $1,423,000.

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

iShares U.S. Broker-Dealers & Securities Exchanges ETF stock traded up $0.12 during trading hours on Wednesday, hitting $136.41. 31,447 shares of the stock traded hands, compared to its average volume of 94,325. The firm’s 50 day moving average price is $129.33 and its 200-day moving average price is $121.95. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 19.09 and a beta of 0.95. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a 1 year low of $85.71 and a 1 year high of $138.74.

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.