iShares U.S. Insurance ETF (NYSEARCA:IAK) Hits New 12-Month High at $117.67

iShares U.S. Insurance ETF (NYSEARCA:IAKGet Free Report)’s stock price reached a new 52-week high on Friday . The company traded as high as $117.67 and last traded at $117.67, with a volume of 28981 shares traded. The stock had previously closed at $116.32.

iShares U.S. Insurance ETF Stock Performance

The stock has a 50-day moving average of $114.29 and a two-hundred day moving average of $106.82. The company has a market cap of $654.12 million, a P/E ratio of 17.19 and a beta of 0.40.

Institutional Trading of iShares U.S. Insurance ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IAK. TFB Advisors LLC purchased a new position in shares of iShares U.S. Insurance ETF during the fourth quarter valued at approximately $300,000. Brookstone Capital Management purchased a new position in shares of iShares U.S. Insurance ETF during the fourth quarter valued at approximately $257,000. Leuthold Group LLC purchased a new position in shares of iShares U.S. Insurance ETF during the fourth quarter valued at approximately $907,000. Fiduciary Planning LLC increased its stake in shares of iShares U.S. Insurance ETF by 264.8% during the fourth quarter. Fiduciary Planning LLC now owns 42,198 shares of the company’s stock valued at $4,225,000 after buying an additional 30,630 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of iShares U.S. Insurance ETF by 105.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 37,179 shares of the company’s stock valued at $3,723,000 after buying an additional 19,102 shares during the period.

iShares U.S. Insurance ETF Company Profile

(Get Free Report)

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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