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.