iShares U.S. Insurance ETF (NYSEARCA:IAK – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 211,726 shares traded hands during mid-day trading, an increase of 211% from the previous session’s volume of 68,187 shares.The stock last traded at $132.8090 and had previously closed at $131.71.
iShares U.S. Insurance ETF Stock Up 0.2%
The firm’s fifty day moving average is $130.96 and its 200-day moving average is $131.70. The stock has a market capitalization of $646.99 million, a PE ratio of 14.11 and a beta of 0.65.
Hedge Funds Weigh In On iShares U.S. Insurance ETF
Several hedge funds and other institutional investors have recently bought and sold shares of IAK. Sunbelt Securities Inc. purchased a new stake in iShares U.S. Insurance ETF during the third quarter worth $102,000. Advisory Services Network LLC raised its stake in shares of iShares U.S. Insurance ETF by 9.0% during the 3rd quarter. Advisory Services Network LLC now owns 116,213 shares of the company’s stock worth $15,576,000 after buying an additional 9,617 shares during the last quarter. Susquehanna International Group LLP boosted its position in shares of iShares U.S. Insurance ETF by 60.2% in the 3rd quarter. Susquehanna International Group LLP now owns 23,791 shares of the company’s stock worth $3,189,000 after buying an additional 8,937 shares in the last quarter. National Bank of Canada FI grew its stake in iShares U.S. Insurance ETF by 61.5% in the 3rd quarter. National Bank of Canada FI now owns 260 shares of the company’s stock valued at $35,000 after acquiring an additional 99 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in iShares U.S. Insurance ETF by 12.8% in the 3rd quarter. Larson Financial Group LLC now owns 2,228 shares of the company’s stock valued at $299,000 after acquiring an additional 252 shares during 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.
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