WestEnd Advisors LLC Sells 57,713 Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)

WestEnd Advisors LLC lessened its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 708,014 shares of the company’s stock after selling 57,713 shares during the quarter. iShares U.S. Broker-Dealers & Securities Exchanges ETF comprises approximately 2.6% of WestEnd Advisors LLC’s portfolio, making the stock its 11th largest holding. WestEnd Advisors LLC owned approximately 0.07% of iShares U.S. Broker-Dealers & Securities Exchanges ETF worth $102,025,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the third quarter valued at about $56,000. Eastern Bank bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 3rd quarter valued at $113,000. Kingswood Wealth Advisors LLC acquired a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter worth about $419,000. Q3 Asset Management grew its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 43.2% during the 4th quarter. Q3 Asset Management now owns 10,176 shares of the company’s stock worth $1,464,000 after buying an additional 3,072 shares during the period. Finally, Fifth Third Securities Inc. bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter valued at $549,000.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Down 0.1 %

NYSEARCA:IAI opened at $157.85 on Friday. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 19.09 and a beta of 0.95. The business’s 50-day moving average price is $149.68 and its two-hundred day moving average price is $138.05. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a 1-year low of $104.46 and a 1-year high of $158.93.

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.