iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Hits New 1-Year High – Here’s What Happened

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) reached a new 52-week high on Thursday . The company traded as high as $197.36 and last traded at $197.10, with a volume of 45110 shares traded. The stock had previously closed at $190.82.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Up 3.4%

The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 23.81 and a beta of 1.08. The business has a 50-day moving average of $188.58 and a 200-day moving average of $179.36.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in IAI. Trust Co. of Vermont acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter valued at about $35,000. Nemes Rush Group LLC bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter valued at approximately $46,000. Parallel Advisors LLC increased its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 310.0% in the first quarter. Parallel Advisors LLC now owns 410 shares of the company’s stock worth $67,000 after buying an additional 310 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter worth approximately $175,000. Finally, JPMorgan Chase & Co. raised its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 26.8% during the third quarter. JPMorgan Chase & Co. now owns 3,234 shares of the company’s stock valued at $572,000 after acquiring an additional 683 shares in the last quarter.

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.