Shares of iShares U.S. Insurance ETF (NYSEARCA:IAK – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $139.08 and last traded at $139.05, with a volume of 32412 shares traded. The stock had previously closed at $137.59.
iShares U.S. Insurance ETF Stock Performance
The firm’s 50 day moving average price is $130.62 and its 200-day moving average price is $122.68. The firm has a market capitalization of $766.62 million, a PE ratio of 17.19 and a beta of 0.40.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new position in iShares U.S. Insurance ETF in the 2nd quarter valued at about $460,000. Fortis Group Advisors LLC lifted its stake in iShares U.S. Insurance ETF by 16.1% in the 2nd quarter. Fortis Group Advisors LLC now owns 64,687 shares of the company’s stock worth $7,304,000 after purchasing an additional 8,980 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in iShares U.S. Insurance ETF by 26.4% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 4,369 shares of the company’s stock worth $493,000 after purchasing an additional 912 shares in the last quarter. Muirfield Wealth Advisors LLC lifted its stake in iShares U.S. Insurance ETF by 2.5% in the 2nd quarter. Muirfield Wealth Advisors LLC now owns 8,341 shares of the company’s stock worth $942,000 after purchasing an additional 207 shares in the last quarter. Finally, KKM Financial LLC lifted its stake in iShares U.S. Insurance ETF by 2.2% in the 3rd quarter. KKM Financial LLC now owns 9,148 shares of the company’s stock worth $1,181,000 after purchasing an additional 197 shares in the last quarter.
iShares U.S. Insurance ETF Company Profile
The iShares U.S. Insurance ETF (IAK) is an exchange-traded fund that is based on the DJ US Select \u002F Insurance index. The fund tracks a market-cap index of US insurance companies. IAK was launched on May 1, 2006 and is managed by BlackRock.
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