iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Reaches New 52-Week High – Time to Buy?

Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) reached a new 52-week high on Thursday . The company traded as high as $151.36 and last traded at $151.36, with a volume of 45865 shares changing hands. The stock had previously closed at $149.64.

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

The company’s 50 day moving average price is $135.65 and its 200-day moving average price is $125.61. The stock has a market cap of $1.44 billion, a P/E ratio of 19.09 and a beta of 0.95.

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

Large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC purchased a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter worth approximately $105,618,000. WestEnd Advisors LLC bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the second quarter valued at $91,839,000. Transcend Capital Advisors LLC purchased a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter worth $1,423,000. Bank of New York Mellon Corp bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the second quarter valued at $584,000. Finally, 9258 Wealth Management LLC purchased a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 2nd quarter valued at $378,000.

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.