iShares U.S. Insurance ETF (NYSEARCA:IAK) Sets New 12-Month High at $122.02

iShares U.S. Insurance ETF (NYSEARCA:IAK)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $122.02 and last traded at $122.02, with a volume of 7316 shares changing hands. The stock had previously closed at $120.58.

iShares U.S. Insurance ETF Trading Up 0.9 %

The stock has a market capitalization of $675.10 million, a P/E ratio of 17.19 and a beta of 0.40. The business’s fifty day simple moving average is $115.63 and its two-hundred day simple moving average is $113.80.

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

Large investors have recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC bought a new stake in shares of iShares U.S. Insurance ETF during the second quarter valued at approximately $448,000. Moors & Cabot Inc. acquired a new position in shares of iShares U.S. Insurance ETF in the 2nd quarter worth approximately $348,000. Spectrum Wealth Counsel LLC boosted its stake in iShares U.S. Insurance ETF by 12,119.3% in the 2nd quarter. Spectrum Wealth Counsel LLC now owns 53,765 shares of the company’s stock valued at $6,071,000 after buying an additional 53,325 shares in the last quarter. PFG Advisors boosted its stake in shares of iShares U.S. Insurance ETF by 58.8% in the 2nd quarter. PFG Advisors now owns 13,440 shares of the company’s stock valued at $1,518,000 after purchasing an additional 4,977 shares in the last quarter. Finally, Eagle Strategies LLC increased its position in shares of iShares U.S. Insurance ETF by 221.9% during the 2nd quarter. Eagle Strategies LLC now owns 13,926 shares of the company’s stock worth $1,573,000 after purchasing an additional 9,600 shares in the last quarter.

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.