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The pick up in trading activity could help bolster the broker-dealer segment of the financial industry.
Over the past month, the iShares US Broker-Dealers & Securities Exchanges ETF (NYSEArca: IAI) rose 5.9% while the SPDR S&P Capital Markets ETF (NYSEArca: KCE) gained 6.5%.
IAI provides exposure to U.S. investment banks, discount brokerages and stock exchanges, including prominent names like Goldman Sachs (NYSE: GS) 10.5%, Morgan Stanley (NYSE: MS) 9.1%, Charles Schwab (NYSE: SCHW) 8.8%, Intercontinental Exchange (NYSE: ICE) 8.4 and CME Group (NYSe; CME) 8.0%.
KCE, an equal-weight rival to IAI, leans toward more small- and mid-cap companies. The fund’s top holdings include SEI Investments (NasdaqGS: SEIC) 3.3%, LPL Financial Holdings (NasdaqGS: LPLA) 3.2% and Stifel Financial (NYSE: SF) 3.2%.
For more information on the financial sector, visit our financial category.
iShares US Broker-Dealers & Securities Exchanges ETF