iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Stock Price Up 0.9% – Should You Buy?

Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) rose 0.9% on Tuesday . The company traded as high as $190.03 and last traded at $189.00. Approximately 44,445 shares were traded during mid-day trading, a decline of 64% from the average session volume of 125,057 shares. The stock had previously closed at $187.32.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Down 1.5%

The company has a 50-day moving average of $185.19 and a 200-day moving average of $178.00. The company has a market cap of $1.36 billion, a PE ratio of 23.81 and a beta of 1.08.

Institutional Trading of iShares U.S. Broker-Dealers & Securities Exchanges ETF

Several institutional investors have recently made changes to their positions in the company. Nemes Rush Group LLC purchased a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter valued at about $46,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter worth about $48,000. Parallel Advisors LLC boosted its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 310.0% during the first quarter. Parallel Advisors LLC now owns 410 shares of the company’s stock worth $67,000 after purchasing an additional 310 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 2nd quarter worth about $175,000. Finally, Farther Finance Advisors LLC grew its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF by 38.9% in the 4th quarter. Farther Finance Advisors LLC now owns 2,806 shares of the company’s stock worth $503,000 after purchasing an additional 786 shares in the last quarter.

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.