Ameriprise Financial Inc. Acquires 79,522 Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)

Ameriprise Financial Inc. raised its holdings in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) by 308.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 105,345 shares of the company’s stock after purchasing an additional 79,522 shares during the period. Ameriprise Financial Inc. owned 1.11% of iShares U.S. Broker-Dealers & Securities Exchanges ETF worth $15,176,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jackson Wealth Management LLC bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter valued at approximately $714,000. Hudson Value Partners LLC bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter valued at approximately $558,000. Fifth Third Securities Inc. bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter valued at approximately $549,000. Q3 Asset Management increased 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 valued at $1,464,000 after acquiring an additional 3,072 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter valued at approximately $419,000.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Up 1.1%

Shares of IAI opened at $156.59 on Friday. The company has a market capitalization of $1.26 billion, a P/E ratio of 22.98 and a beta of 1.14. The firm has a 50 day moving average of $138.99 and a 200 day moving average of $145.78. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a twelve month low of $114.17 and a twelve month high of $159.90.

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