iShares U.S. Insurance ETF (NYSEARCA:IAK) Sets New 12-Month High – Here’s What Happened

Posted by Doug Madison on Nov 27th, 2024

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

iShares U.S. Insurance ETF Stock Up 0.6 %

The business has a fifty day moving average of $130.45 and a 200 day moving average of $122.53. The firm has a market cap of $768.45 million, a P/E ratio of 17.19 and a beta of 0.40.

Institutional Investors Weigh In On iShares U.S. Insurance ETF

Several large investors have recently modified their holdings of the business. Sanctuary Advisors LLC increased its holdings in shares of iShares U.S. Insurance ETF by 30.8% in the third quarter. Sanctuary Advisors LLC now owns 5,412 shares of the company’s stock worth $736,000 after acquiring an additional 1,274 shares in the last quarter. Fulcrum Equity Management acquired a new position in shares of iShares U.S. Insurance ETF during the third quarter worth about $1,138,000. Tudor Financial Inc. acquired a new position in shares of iShares U.S. Insurance ETF during the third quarter worth about $3,074,000. Sunbelt Securities Inc. boosted its position in shares of iShares U.S. Insurance ETF by 40.7% during the third quarter. Sunbelt Securities Inc. now owns 4,020 shares of the company’s stock worth $519,000 after buying an additional 1,162 shares during the period. Finally, MML Investors Services LLC boosted its position in shares of iShares U.S. Insurance ETF by 1.6% during the third quarter. MML Investors Services LLC now owns 218,558 shares of the company’s stock worth $28,205,000 after buying an additional 3,489 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.