iShares U.S. Insurance ETF (NYSEARCA:IAK) Stock Price Up 1.3% – What’s Next?

iShares U.S. Insurance ETF (NYSEARCA:IAK) shares traded up 1.3% on Thursday. The company traded as high as $137.47 and last traded at $137.28. 82,627 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 88,319 shares. The stock had previously closed at $135.57.

iShares U.S. Insurance ETF Stock Performance

The firm has a market capitalization of $425.72 million, a price-to-earnings ratio of 14.11 and a beta of 0.50. The business has a fifty day moving average price of $144.21 and a 200 day moving average price of $138.00.

Hedge Funds Weigh In On iShares U.S. Insurance ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. RFG Advisory LLC lifted its position in iShares U.S. Insurance ETF by 7.4% during the first quarter. RFG Advisory LLC now owns 34,887 shares of the company’s stock valued at $4,476,000 after buying an additional 2,401 shares in the last quarter. Cetera Investment Advisers boosted its position in iShares U.S. Insurance ETF by 100.1% during the 1st quarter. Cetera Investment Advisers now owns 20,725 shares of the company’s stock worth $2,659,000 after purchasing an additional 10,366 shares during the period. Baird Financial Group Inc. increased its holdings in iShares U.S. Insurance ETF by 0.4% in the 2nd quarter. Baird Financial Group Inc. now owns 20,523 shares of the company’s stock valued at $2,885,000 after purchasing an additional 79 shares in the last quarter. Northstar Financial Companies Inc. raised its position in iShares U.S. Insurance ETF by 107.3% in the first quarter. Northstar Financial Companies Inc. now owns 14,286 shares of the company’s stock valued at $1,833,000 after purchasing an additional 7,393 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its stake in shares of iShares U.S. Insurance ETF by 6.9% during the first quarter. Kestra Private Wealth Services LLC now owns 9,457 shares of the company’s stock worth $1,213,000 after purchasing an additional 613 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.