WestEnd Advisors LLC Cuts Stock Position in iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)

WestEnd Advisors LLC cut its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) by 7.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 708,014 shares of the company’s stock after selling 57,713 shares during the period. iShares U.S. Broker-Dealers & Securities Exchanges ETF makes up approximately 2.6% of WestEnd Advisors LLC’s holdings, making the stock its 11th largest holding. WestEnd Advisors LLC owned about 7.49% of iShares U.S. Broker-Dealers & Securities Exchanges ETF worth $102,025,000 at the end of the most recent reporting period.

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

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

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.