Making the near-term outlook for broker-dealers stocks and ETFs murkier is the expectation of further trading activity declines in the current quarter. Conventional wisdom says if things were boring on Wall Street in May or June, July and August could bring a painful lack of excitement. That lack of excitement could translate to more declines in trading revenue of IAI and KCE constituents. [King of Wall Street ETFs]
IAI is already acting as though the current quarter will be a tough one. The ETF is down 2% since the start of July.
iShares US Broker-Dealers ETF
ETF Trends editorial team contributed to this post.