iShares U.S. Broker-Dealers & Securities Exchanges ETF
IAI
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- May 5, 2006
- CIK
- 0001100663
- Website
- ishares.com
- Similar Companies
- Business
- iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is an exchange-traded fund that seeks to track the investment results of the Dow Jones U.S. Select Investment Services Index, a market capitalization-weighted index composed of U.S. equities in the investment services sector, including broker-dealers, securities exchanges, and related financial services providers. The ETF provides targeted exposure to domestic investment banks, discount brokerages, stock exchanges, and asset managers; it employs a representative sampling technique to replicate the index while capping individual holdings at 22.5% and aggregate weights for larger positions; quarterly rebalancing maintains alignment with the benchmark. Launched on May 1, 2006, and managed by BlackRock, the fund is domiciled in the United States with primary operations focused on U.S. equities and headquartered alongside its parent entity in New York. As of late 2025, IAI holds approximately 33 to 37 securities, including top positions in companies such as Charles Schwab, Interactive Brokers, Coinbase Global, Robinhood Markets, CME Group, MSCI, Moody's, Intercontinental Exchange, and Nasdaq; the portfolio emphasizes growth and value stocks across diversified market capitalizations within the financial services industry, serving institutional and retail investors seeking sector-specific views on U.S. capital markets. Recent performance reflects strong growth, with one-year total returns exceeding 39% and inception-to-date annualized returns around 8.5%, amid heightened trading volumes and market volatility; the expense ratio stands at 0.38%, with net assets surpassing $1.3 billion. In 2025, BlackRock, the issuer, pursued strategic expansions through acquisitions like HPS Investment Partners for $12 billion in July, enhancing private credit capabilities, and ElmTree Funds, bolstering net-lease real estate offerings integrated into new platforms; these moves, alongside launches of AI-focused iShares ETFs such as the A.I. Innovation and Tech Active ETF, underscore BlackRock's broader push into alternatives, AI equities, and private markets, indirectly supporting iShares' ecosystem for specialized sector exposure like IAI.