Cambridge Investment Research Advisors Inc. Purchases 313 Shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)

Cambridge Investment Research Advisors Inc. raised its position in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) by 16.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,199 shares of the company’s stock after purchasing an additional 313 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in iShares U.S. Broker-Dealers & Securities Exchanges ETF were worth $308,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of IAI. SouthState Corp purchased a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter valued at about $38,000. JPMorgan Chase & Co. boosted its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 0.4% in the fourth quarter. JPMorgan Chase & Co. now owns 19,891 shares of the company’s stock worth $2,866,000 after buying an additional 80 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF by 308.0% in the fourth quarter. Ameriprise Financial Inc. now owns 105,345 shares of the company’s stock worth $15,176,000 after buying an additional 79,522 shares during the last quarter. Hudson Value Partners LLC purchased a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter worth about $558,000. Finally, Global Financial Private Client LLC purchased a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the first quarter worth about $508,000.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Trading Down 0.8%

NYSEARCA IAI opened at $171.26 on Friday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 23.81 and a beta of 1.05. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a twelve month low of $114.17 and a twelve month high of $172.88. The stock has a 50-day moving average of $158.29 and a 200 day moving average of $149.28.

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.