iShares U.S. Insurance ETF (NYSEARCA:IAK) Stock Price Up 1% – Still a Buy?

iShares U.S. Insurance ETF (NYSEARCA:IAK)’s share price shot up 1% during trading on Friday . The stock traded as high as $134.80 and last traded at $133.72. 68,381 shares were traded during trading, a decline of 8% from the average session volume of 74,713 shares. The stock had previously closed at $132.35.

iShares U.S. Insurance ETF Stock Performance

The business has a 50 day simple moving average of $131.98 and a two-hundred day simple moving average of $132.48. The firm has a market capitalization of $374.42 million, a P/E ratio of 14.11 and a beta of 0.58.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its stake in iShares U.S. Insurance ETF by 910.0% in the third quarter. Commonwealth Equity Services LLC now owns 93,380 shares of the company’s stock valued at $12,516,000 after purchasing an additional 84,134 shares in the last quarter. MML Investors Services LLC grew its stake in iShares U.S. Insurance ETF by 48.8% in the 2nd quarter. MML Investors Services LLC now owns 218,944 shares of the company’s stock worth $29,439,000 after buying an additional 71,783 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of iShares U.S. Insurance ETF by 64.0% in the 2nd quarter. Raymond James Financial Inc. now owns 94,246 shares of the company’s stock worth $12,672,000 after buying an additional 36,786 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of iShares U.S. Insurance ETF by 11.5% in the 3rd quarter. Miracle Mile Advisors LLC now owns 244,175 shares of the company’s stock worth $32,727,000 after buying an additional 25,249 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of iShares U.S. Insurance ETF during the 4th quarter valued at $2,187,000.

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.