iShares U.S. Insurance ETF (NYSEARCA:IAK – Get Free Report)’s stock price were up 0.4% on Wednesday . The stock traded as high as $139.79 and last traded at $139.02. 78,854 shares were traded during mid-day trading, an increase of 25% from the average session volume of 63,159 shares. The stock had previously closed at $138.53.
iShares U.S. Insurance ETF Stock Performance
The business’s 50 day simple moving average is $132.71 and its 200-day simple moving average is $132.97. The stock has a market capitalization of $389.26 million, a price-to-earnings ratio of 14.11 and a beta of 0.52.
Institutional Investors Weigh In On iShares U.S. Insurance ETF
Hedge funds have recently made changes to their positions in the business. MML Investors Services LLC boosted its position in shares of iShares U.S. Insurance ETF by 48.8% during the second 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 during the period. Bank of America Corp DE raised its stake in iShares U.S. Insurance ETF by 6.7% during the 2nd quarter. Bank of America Corp DE now owns 123,116 shares of the company’s stock valued at $16,554,000 after acquiring an additional 7,703 shares in the last quarter. Advisory Services Network LLC raised its stake in iShares U.S. Insurance ETF by 9.0% during the 3rd quarter. Advisory Services Network LLC now owns 116,213 shares of the company’s stock valued at $15,576,000 after acquiring an additional 9,617 shares in the last quarter. Raymond James Financial Inc. raised its stake in iShares U.S. Insurance ETF by 64.0% during the 2nd quarter. Raymond James Financial Inc. now owns 94,246 shares of the company’s stock valued at $12,672,000 after acquiring an additional 36,786 shares in the last quarter. Finally, GGM Financials LLC boosted its position in iShares U.S. Insurance ETF by 2.2% during the 4th quarter. GGM Financials LLC now owns 72,781 shares of the company’s stock worth $9,909,000 after acquiring an additional 1,553 shares during the period.
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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