iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) saw unusually-strong trading volume on Monday . Approximately 140,773 shares traded hands during trading, an increase of 48% from the previous session’s volume of 94,817 shares.The stock last traded at $150.41 and had previously closed at $149.79.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Down 4.1 %

The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 19.09 and a beta of 0.95. The stock’s fifty day moving average is $144.27 and its 200-day moving average is $130.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the third quarter worth about $56,000. Eastern Bank bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter worth approximately $113,000. 9258 Wealth Management LLC acquired a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter worth 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 valued at approximately $584,000. Finally, WestEnd Advisors LLC bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter worth $91,839,000.

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.