iShares U.S. Insurance ETF (NYSEARCA:IAK) Sees Large Volume Increase – Here’s What Happened

iShares U.S. Insurance ETF (NYSEARCA:IAK) saw an uptick in trading volume on Thursday . 211,726 shares were traded during mid-day trading, an increase of 211% from the previous session’s volume of 68,187 shares.The stock last traded at $132.8090 and had previously closed at $131.71.

iShares U.S. Insurance ETF Stock Performance

The stock has a market cap of $646.99 million, a price-to-earnings ratio of 14.11 and a beta of 0.65. The business has a fifty day simple moving average of $130.96 and a 200 day simple moving average of $131.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MAI Capital Management acquired a new position in shares of iShares U.S. Insurance ETF in the third quarter valued at approximately $31,000. Trust Co. of Vermont purchased a new stake in iShares U.S. Insurance ETF in the 3rd quarter worth approximately $34,000. Financial Consulate Inc. acquired a new position in iShares U.S. Insurance ETF in the 3rd quarter valued at $35,000. National Bank of Canada FI lifted its stake in shares of iShares U.S. Insurance ETF by 61.5% during the 3rd quarter. National Bank of Canada FI now owns 260 shares of the company’s stock worth $35,000 after purchasing an additional 99 shares during the period. Finally, Realta Investment Advisors acquired a new stake in shares of iShares U.S. Insurance ETF during the second quarter worth $38,000.

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.