“September makes it or breaks it,” analyst Jeff Harte of Sandler O’Neill said in the article, referring to September’s impact on the third-quarter trading results for companies like Goldman Sachs and Citigroup (NYSE: C).
Among IAI’s top holdings, GS is 9.7% of the ETF, Morgan Stanley (NYSE: MS) is 8.6%, Charles Schwab (NYSE: SCHW) is 8.1%, CME Group (NYSE: CME) is 7.4% and ICE International Exchange (NYSE: ICE) is 6.8%.
iShares US Broker-Dealers ETF
For more information on brokerage firms, visit our broker-dealers category.
Max Chen contributed to this article.