Bank of New York Mellon Corp Has $1.14 Million Stock Position in iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI)

Bank of New York Mellon Corp cut its position in iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSEARCA:IAI) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,906 shares of the company’s stock after selling 211 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.08% of iShares U.S. Broker-Dealers & Securities Exchanges ETF worth $1,139,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 3rd quarter worth approximately $56,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Broker-Dealers & Securities Exchanges ETF in the fourth quarter worth $419,000. Fifth Third Securities Inc. bought a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the fourth quarter worth $549,000. Hudson Value Partners LLC acquired a new position in iShares U.S. Broker-Dealers & Securities Exchanges ETF during the 4th quarter valued at $558,000. Finally, Jackson Wealth Management LLC bought a new stake in iShares U.S. Broker-Dealers & Securities Exchanges ETF in the 4th quarter valued at $714,000.

iShares U.S. Broker-Dealers & Securities Exchanges ETF Stock Up 2.5 %

Shares of IAI opened at $145.52 on Tuesday. The stock’s 50-day moving average price is $150.22 and its 200 day moving average price is $143.60. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 22.09 and a beta of 1.16. iShares U.S. Broker-Dealers & Securities Exchanges ETF has a 12-month low of $109.17 and a 12-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.