iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Hits New 12-Month High – Still a Buy?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $196.78 and last traded at $196.75, with a volume of 41361 shares changing hands. The stock had previously closed at $194.76.

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

The firm has a market cap of $1.42 billion, a P/E ratio of 23.81 and a beta of 1.08. The company has a fifty day moving average of $187.75 and a 200-day moving average of $178.70.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Trust Co. of Vermont bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 2nd quarter worth about $35,000. Nemes Rush Group LLC purchased a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter worth approximately $46,000. Parallel Advisors LLC boosted its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 310.0% in the 1st 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 bought a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter valued at approximately $175,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 26.8% in 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.

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.