iShares U.S. Insurance ETF (NYSEARCA:IAK) Hits New 1-Year High – Here’s Why

Shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) reached a new 52-week high on Wednesday . The company traded as high as $139.08 and last traded at $139.05, with a volume of 32412 shares. The stock had previously closed at $137.59.

iShares U.S. Insurance ETF Stock Performance

The firm has a market capitalization of $766.62 million, a price-to-earnings ratio of 17.19 and a beta of 0.40. The business has a fifty day moving average of $130.62 and a two-hundred day moving average of $122.68.

Institutional Trading of iShares U.S. Insurance ETF

Several institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in shares of iShares U.S. Insurance ETF by 5.5% during the 2nd quarter. Larson Financial Group LLC now owns 1,661 shares of the company’s stock valued at $188,000 after acquiring an additional 86 shares during the period. Winthrop Advisory Group LLC lifted its position in shares of iShares U.S. Insurance ETF by 4.1% during the 3rd quarter. Winthrop Advisory Group LLC now owns 2,510 shares of the company’s stock valued at $324,000 after acquiring an additional 100 shares during the period. Sonata Capital Group Inc. lifted its position in shares of iShares U.S. Insurance ETF by 4.2% during the 3rd quarter. Sonata Capital Group Inc. now owns 3,750 shares of the company’s stock valued at $484,000 after acquiring an additional 150 shares during the period. KKM Financial LLC lifted its position in shares of iShares U.S. Insurance ETF by 2.2% during the 3rd quarter. KKM Financial LLC now owns 9,148 shares of the company’s stock valued at $1,181,000 after acquiring an additional 197 shares during the period. Finally, Muirfield Wealth Advisors LLC lifted its position in shares of iShares U.S. Insurance ETF by 2.5% during the 2nd quarter. Muirfield Wealth Advisors LLC now owns 8,341 shares of the company’s stock valued at $942,000 after acquiring an additional 207 shares during the period.

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.