iShares U.S. Insurance ETF (NYSEARCA:IAK – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $151.35 and last traded at $151.49, with a volume of 16209 shares. The stock had previously closed at $149.07.
iShares U.S. Insurance ETF Stock Down 0.6%
The business’s 50 day simple moving average is $139.34 and its 200 day simple moving average is $134.65. The company has a market capitalization of $521.26 million, a PE ratio of 14.11 and a beta of 0.51.
Institutional Investors Weigh In On iShares U.S. Insurance ETF
Several hedge funds have recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new position in iShares U.S. Insurance ETF in the 1st quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new stake in iShares U.S. Insurance ETF during the 4th quarter valued at $31,000. Flagship Harbor Advisors LLC acquired a new stake in iShares U.S. Insurance ETF during the 4th quarter valued at $34,000. National Bank of Canada FI lifted its holdings in shares of iShares U.S. Insurance ETF by 61.5% in the third quarter. National Bank of Canada FI now owns 260 shares of the company’s stock valued at $35,000 after purchasing an additional 99 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of iShares U.S. Insurance ETF by 3,960.0% in the first quarter. Blue Trust Inc. now owns 406 shares of the company’s stock valued at $52,000 after purchasing an additional 396 shares in the last quarter.
About iShares U.S. Insurance ETF
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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