iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) by 0.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 19,891 shares of the company’s stock after acquiring an additional 80 shares during the period. JPMorgan Chase & Co. owned approximately 0.21% of iShares U.S. Broker-Dealers & Securities Exchanges ETF worth $2,866,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IAI. Jackson Wealth Management LLC purchased a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter worth approximately $714,000. Hudson Value Partners LLC acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter worth $558,000. Fifth Third Securities Inc. purchased a new position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter worth $549,000. Q3 Asset Management boosted its position 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 worth $1,464,000 after buying an additional 3,072 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter valued at $419,000.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Up 3.5 %

IAI opened at $133.47 on Wednesday. The stock’s 50-day moving average price is $140.66 and its 200 day moving average price is $144.46. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a 12-month low of $111.02 and a 12-month high of $159.90. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 21.23 and a beta of 1.12.

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.