iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sets New 12-Month High – Time to Buy?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s stock price reached 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 trading hands. The stock had previously closed at $153.97.

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

The stock has a market capitalization of $1.47 billion, a PE ratio of 19.09 and a beta of 0.95. The stock’s 50-day moving average is $148.82 and its 200 day moving average is $135.69.

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

Several large investors have recently modified their holdings of IAI. Eastern Bank acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter worth approximately $113,000. Janney Montgomery Scott LLC purchased a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 3rd quarter valued at approximately $105,618,000. Wilmington Savings Fund Society FSB acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the third quarter worth $56,000. Kingswood Wealth Advisors LLC purchased a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter worth $419,000. Finally, Fifth Third Securities Inc. acquired a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter valued at $549,000.

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.