iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Hits New 52-Week High – Should You Buy?

iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAIGet Free Report)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $156.92 and last traded at $156.94, with a volume of 6251 shares changing hands. The stock had previously closed at $155.23.

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

The firm has a market capitalization of $1.48 billion, a PE ratio of 19.09 and a beta of 0.95. The firm has a 50-day simple moving average of $149.13 and a 200-day simple moving average of $136.51.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IAI. Wilmington Savings Fund Society FSB bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter valued at approximately $56,000. Eastern Bank bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 3rd quarter valued at approximately $113,000. Kingswood Wealth Advisors LLC bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter valued at approximately $419,000. Fifth Third Securities Inc. bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter valued at approximately $549,000. Finally, Jackson Wealth Management LLC bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter worth approximately $714,000.

About iShares U.S. Broker-Dealers & Securities Exchanges ETF

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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.

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