IAI - iShares U.S. Broker-Dealers & Securities Exchanges ETF
| Assets | $437.26M |
| NAV | $96.10 |
| Expense Ratio | 0.42% |
| PE Ratio | 18.57 |
| Beta (5Y) | 1.09 |
| Dividend (ttm) | $1.07 |
| Dividend Yield | 1.11% |
| Ex-Dividend Date | Mar 25, 2021 |
| 1-Year Return | - |
| Trading Day | April 16 |
| Last Price | $96.19 |
| Previous Close | $96.06 |
| Change ($) | 0.13 |
| Change (%) | 0.13% |
| Day's Open | 96.80 |
| Day's Range | 95.65 - 96.80 |
| Day's Volume | 23,206 |
| 52-Week Range | 53.98 - 97.84 |
Fund Description
The investment seeks to track the investment results of the Dow Jones U.S. Select Investment Services Index composed of U.S. equities in the investment services sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of the investment services sector of the U.S. equity market. The fund may invest the remainder of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.
| Asset Class Equity | Sector Financial Services |
| Region North America | Inception Date May 1, 2006 |
| Exchange NYSEARCA | Ticker Symbol IAI |
| Index Tracked Dow Jones U.S. Select Investment Services Index | |
Top 10 Holdings
76.44% of assets| Name | Symbol | Weight |
|---|---|---|
| Morgan Stanley | MS | 20.20% |
| Goldman Sachs | GS | 19.23% |
| Raymond James Financial | RJF | 4.90% |
| Nasdaq | NDAQ | 4.84% |
| LPL Financial Holdings | LPLA | 4.69% |
| Charles Schwab | SCHW | 4.61% |
| MarketAxess Holdings | MKTX | 4.60% |
| Intercontinental Exchange | ICE | 4.55% |
| CME Group | CME | 4.45% |
| Cboe Global Markets | CBOE | 4.38% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 25, 2021 | $0.234 | Mar 31, 2021 |
| Dec 14, 2020 | $0.222 | Dec 18, 2020 |
| Sep 23, 2020 | $0.327 | Sep 29, 2020 |
| Jun 15, 2020 | $0.287 | Jun 19, 2020 |
| Mar 25, 2020 | $0.395 | Mar 31, 2020 |
| Dec 16, 2019 | $0.237 | Dec 20, 2019 |
Sector ETF report for IAI
The banking sector and bank ETFs could be in trouble, according to Credit Suisse and Nomura, who admonished investors Monday of “significant” damage to Q1 results, after they began exiting positions wit...
Sector ETF report for IAI
In a historic first, Israel will market the various military hardware and technology it has to offer for export in the United Arab Emirates.
Sector ETF report for IAI
Stimulus deal appears to set the stage for the Santa rally in 2020.
With the coronavirus pandemic causing an increasing number of individuals who are working from home, there has been an explosion in the number of retail traders, who are turning to online brokerages for...
With millions of Americans working from home or quarantined due to the coronavirus pandemic, the retail stock trading industry has been booming. Major online brokers such as Charles Schwab, TD Ameritrad...
U.S. bank stocks and ETFs gain on merger speculation. What lies ahead?
Sector ETF report for IAI
The brokerage industry was abuzz Thursday morning on news that Charles Schwab (NYSE:SCHW) is acquiring rival TD Ameritrade (NASDAQ: AMTD) for $26 billion, headlines that sent the iShares US Broker-Deale...
The speculation has pushed the broker dealer ETF to new highs.
Jim Cramer: E-Trade should make a take-over bid for the IAI ETF
Charles Schwab is in talks to buy TD Ameritrade. The move would consolidate an industry that's been going through massive disruption. CNBC's Jim Cramer, Bob Pisani, Carl Quintanilla and David Faber disc...
Vanguard got the ball rolling a while back by saying it would not charge commissions on anything but leveraged exchange traded funds.
