IAI Stock Summary and Trading Ideas (iShares U.S. Broker-Dealers & Securities Exchanges ETF | ARCA:IAI)

The iShares U.S. Broker-Dealers & Securities Exchanges ETF seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Dow Jones U.S. Select Investment Services Index.

iShares U.S. Broker-Dealers & Securities Exchanges ETF trades on the ARCA stock market under the symbol IAI.

As of April 17, 2024, IAI stock price climbed to $110.35 with 31,468 million shares trading.

IAI has a beta of 1.10, meaning it tends to be more sensitive to market movements. IAI has a correlation of 0.58 to the broad based SPY ETF.

IAI has a market cap of $1.03 billion. This is considered a Small Cap stock.

In the last 3 years, IAI stock traded as high as $116.25 and as low as $80.63.

IAI has underperformed the market in the last year with a price return of +20.8% while the SPY ETF gained +22.5%. However, in the short term, IAI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.8% vs +6.3% return in SPY. But in the last 2 weeks, IAI shares have been beat by the market, returning -3.7% compared to an SPY return of -3.6%.

IAI support price is $108.60 and resistance is $111.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IAI stock will trade within this expected range on the day.