iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI)
| Assets | $1.38B |
| Expense Ratio | 0.40% |
| PE Ratio | 24.94 |
| Shares Out | 8.15M |
| Dividend (ttm) | $1.62 |
| Dividend Yield | 0.94% |
| Ex-Dividend Date | Jun 16, 2025 |
| Payout Frequency | Quarterly |
| Payout Ratio | 23.51% |
| Volume | 163,813 |
| Open | 171.03 |
| Previous Close | 170.95 |
| Day's Range | 170.61 - 171.72 |
| 52-Week Low | 114.17 |
| 52-Week High | 171.72 |
| Beta | 1.16 |
| Holdings | 37 |
| Inception Date | May 1, 2006 |
About IAI
Fund Home PageThe iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is an exchange-traded fund that is based on the DJ US Select / Investment Services index, a market-cap-weighted index of investment service providers as well as securities and commodities exchanges. IAI was launched on May 1, 2006 and is issued by BlackRock.
Top 10 Holdings
72.75% of assets| Name | Symbol | Weight |
|---|---|---|
| The Goldman Sachs Group, Inc. | GS | 14.95% |
| Morgan Stanley | MS | 12.02% |
| S&P Global Inc. | SPGI | 11.46% |
| The Charles Schwab Corporation | SCHW | 6.35% |
| Coinbase Global, Inc. | COIN | 5.58% |
| Robinhood Markets, Inc. | HOOD | 5.14% |
| MSCI Inc. | MSCI | 4.37% |
| Moody's Corporation | MCO | 4.34% |
| Intercontinental Exchange, Inc. | ICE | 4.27% |
| CME Group Inc. | CME | 4.26% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 16, 2025 | $0.35902 | Jun 20, 2025 |
| Mar 18, 2025 | $0.46383 | Mar 21, 2025 |
| Dec 17, 2024 | $0.43392 | Dec 20, 2024 |
| Sep 25, 2024 | $0.36138 | Sep 30, 2024 |
| Jun 11, 2024 | $0.36395 | Jun 17, 2024 |
| Mar 21, 2024 | $0.35311 | Mar 27, 2024 |
Performance
IAI had a total return of 46.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.18%.
News
IAI: Broker-Dealer Alpha Continues, The Best Of The Financials Sector
I reiterate my buy rating on IAI, as broker-dealer stocks show strong momentum and relative strength versus other Financials in 2025. IAI's diversified portfolio, solid long-term earnings growth, and ...
IAI: Would Have Liked More Equity Brokerage Exposure
The iShares U.S. Broker-Dealers & Securities Exchanges ETF is not ideal for the current market, given its exposure to investment banking and capital markets. Volatility benefits equity brokers, but IA...
IAI: Time To Shift Financial Exposures
The iShares U.S. Broker-Dealers & Securities Exchanges ETF is exposed to businesses indexed to primary and secondary market activity in debt and equity. Rising rates could negatively impact fixed-inco...
7 Stocks I'm Buying In Defiance Of Post-Election Euphoria
Some stock sectors exhibit dangerous euphoria, reminiscent of Icarus flying too close to the sun, risking a significant correction. Post-election optimism has inflated valuations in midstream energy, ...
IAI North America Selects Three Startups for the Second Cohort of Their IAI CATALYST Accelerator Program
HERNDON, Va.--(BUSINESS WIRE)--IAI North America, a U.S. subsidiary of Israel Aerospace Industries, has selected the next three startup companies for the second cohort of its IAI CATALYST program, pow...
IAI: Cashing-In A 20% Short-Term Return Amid Worries About Rates And Economic Uncertainty (Downgrade)
I recommended IAI in July, despite an expensive valuation, given expected tailwinds for investment banks, brokers, and exchange operators. While the ETF continues to be dominated by strong and stable ...
IAI: Investment Banks And Broker-Deals Poised For More Gains
I have a buy rating on IAI due to its decent valuation, strong technicals, and a bullish seasonal backdrop. IAI offers exposure to U.S. investment banks, brokerages, and exchanges, with a compelling P...
IAI: Goldman Sachs Powers ETF To New 52-Week-High; How About The Other Holdings?
Financial firms representing IAI are actually outperforming the S&P 500, over the past year. The ETF is up nearly 32% over the past year. Companies within the ETF, such as CME Group and MarketAxess, s...
IAI: More A Signal Than An Investment Now
Broker-Dealer and Exchange stocks have held up well compared to other Financial sector stocks. The iShares U.S. Broker-Dealers & Securities Exchanges ETF tracks the performance of the Dow Jones U.S. S...
KCE Vs. IAI: Which Capital Markets ETF Is The Better Buy?
KCE and IAI are two Capital Markets ETFs that have outperformed the broader Financial Services sector over the last 17 years. Expense ratios are 0.35% and 0.39%, respectively. KCE is equal-weighted wh...
IAI: An Attractive Option In A High Interest Rate Environment
The iShares U.S. Broker-Dealers & Securities Exchanges ETF primarily invests in the US financial services industry, focusing on broker-dealers and securities exchanges. The fund's top two holdings, Mo...
Regional Banking Concerns Produce Financial Services ETF Outflows
Lipper Financial Services ETFs recorded their largest weekly outflow of the year over the past fund flows week (-$1.4 billion). On top of the bank failures, market participants are worried about the l...
IAI: Betting On U.S. Capital Markets Activity (Technical Analysis)
The US Capital Markets Sector may be a leading indicator of the real economy. IAI is an ETF that gives exposure to this theme. I believe the two most important monitorable that would influence the out...
IAI: Brokerage Stocks Are Likely To Be Punished Over The Coming Decade
Brokerage stocks have high long-term beta, which means an extended equity downturn is likely to hit them especially hard.
Israel Is Going To Market Its Weapons Systems In The United Arab Emirates
In a historic first, Israel will market the various military hardware and technology it has to offer for export in the United Arab Emirates.
A Few ETFs To Consider For Your Portfolio - Part 2
Last week, we discussed gold mining and healthcare ETFs.
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 di...
Broker-dealer ETF jumps on talk of Schwab-TD Ameritrade deal
An exchange-traded fund that tracks investment service providers was nearly 1% higher on Thursday morning after reports that Charles Schwab Corp.
Brokers Free ETF Push Isn't Free For These Funds
Vanguard got the ball rolling a while back by saying it would not charge commissions on anything but leveraged exchange traded funds.