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iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI)

$180.49

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Key data on IAI

AUM

$1.55B

P/E ratio

22.1

Dividend yield

0.9208%

Expense ratio

0.4%

Beta

1.138979

Price on IAI

Previous close

$182.22

Today's open

$182.87

Day's range

$180.25 - $182.88

52 week range

$116.88 - $182.88

Profile about IAI

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Headquarters

US

Exchange

NYSE Arca

Issue type

Exchange-Traded Fund

IAI industries and sectors

Industries

Financial

Top holdings in IAI
News on IAI

Top 10 BlackRock ETFs by 10-year annualized returns

BlackRock's extensive ETF lineup, comprising roughly 200 funds, is offering a broad view of how long-term thematic and sector exposures have evolved.

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Finbold • Dec 10, 2025

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Should You Invest in the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI)?

Designed to provide broad exposure to the Financials - Brokers/ Capital markets segment of the equity market, the iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is a passively managed exchange traded fund launched on May 1, 2006.

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Zacks Investment Research • Dec 1, 2025

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IAI: A Quiet Growth Alternative Beyond Pure Tech

The iShares U.S. Broker-Dealers & Securities Exchanges ETF offers a compelling, non-tech growth alternative with strong risk-adjusted returns and balanced capital markets exposure. IAI's portfolio is concentrated, with Goldman Sachs, Morgan Stanley, and S&P Global comprising ~40%, providing both growth spurts and volatility cushioning. While IAI has outperformed the S&P 500 over five years, it can underperform in bearish markets and is not truly market-agnostic but remains a strong long-term growth diversifier.

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Seeking Alpha • Nov 14, 2025

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IAI: Exceptional Returns Make It An Attractive Alternative To High Beta Tech And Growth ETFs

IAI has outperformed the S&P 500 and tech ETFs, driven by robust growth in broker-dealers and securities exchanges. The ETF's top holdings, like Robinhood and Goldman Sachs, are delivering exceptional financial results and share price gains. IAI offers strong liquidity, a competitive expense ratio, and valuations in line with the S&P 500, making it a solid investment vehicle.

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Seeking Alpha • Aug 29, 2025

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5 American ETFs Witnessing Gains Ahead of Independence Day

SHLD, ARKW, BUZZ and other U.S. ETFs are seeing gains ahead of July 4.

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Zacks Investment Research • Jul 3, 2025

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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 bullish technicals support its premium valuation and alpha potential. The ETF's concentration risk and elevated volatility are notable, but strong liquidity and seasonal July tailwinds bolster my positive outlook.

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Seeking Alpha • Jun 20, 2025

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3 Best Sector ETFs of Last Week

Wall Street logged the best week since 2023 despite tariff turmoil and wild market swings. Technology, industrials and financials sectors topped the chart.

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Zacks Investment Research • Apr 14, 2025

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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 IAI's top holdings include companies not profiting fully from current market conditions. The ETF's 0.4% expense ratio is unjustified given the liquidity and accessibility of its top holdings, making selective stock picks more appealing.

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Seeking Alpha • Apr 8, 2025

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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-income brokerage and fixed-income primary markets. It's not great for AM, either. Even equity capital markets underwriting could suffer, as IPO markets are still pretty weak and would not appreciate re-inflation and rate hikes if that were to come.

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Seeking Alpha • Jan 28, 2025

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ETFs to Play Upbeat Bank Earnings

Last week witnessed the releases of most big bank earnings of this season. Results were upbeat.

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Zacks Investment Research • Jan 21, 2025

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