iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Stock Jumps 1.5% – What’s Next?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) shares rose 1.5% during trading on Thursday. The company traded as high as $177.74 and last traded at $177.49. Approximately 72,898 shares changed hands during trading, a decline of 36% from the average session volume of 113,982 shares. The stock had previously closed at $174.82.

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

The firm has a market cap of $1.30 billion, a P/E ratio of 23.81 and a beta of 1.09. The firm’s 50-day simple moving average is $186.38 and its 200 day simple moving average is $182.73.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 2nd quarter worth approximately $35,000. FNY Investment Advisers LLC purchased a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 2nd quarter valued at about $175,000. Parallel Advisors LLC raised its stake 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 valued at $67,000 after purchasing an additional 310 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 130.3% during the 1st quarter. Bank of New York Mellon Corp now owns 4,467 shares of the company’s stock worth $733,000 after acquiring an additional 2,527 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 26,979 shares of the company’s stock worth $4,429,000 after purchasing an additional 1,804 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.