Shares of iShares U.S. Insurance ETF (NYSEARCA:IAK – Get Free Report) saw unusually-strong trading volume on Thursday . 268,565 shares changed hands during trading, an increase of 221% from the previous session’s volume of 83,612 shares.The stock last traded at $145.30 and had previously closed at $144.37.
iShares U.S. Insurance ETF Stock Up 0.6%
The firm has a market capitalization of $530.35 million, a PE ratio of 14.11 and a beta of 0.51. The stock’s fifty day simple moving average is $142.57 and its 200 day simple moving average is $135.76.
Institutional Investors Weigh In On iShares U.S. Insurance ETF
Several hedge funds and other institutional investors have recently modified their holdings of IAK. Jane Street Group LLC lifted its position in iShares U.S. Insurance ETF by 47.4% during the first quarter. Jane Street Group LLC now owns 23,906 shares of the company’s stock valued at $3,294,000 after purchasing an additional 7,689 shares in the last quarter. Creative Planning raised its stake in shares of iShares U.S. Insurance ETF by 21.5% in the second quarter. Creative Planning now owns 1,933 shares of the company’s stock worth $260,000 after buying an additional 342 shares during the period. NewEdge Advisors LLC lifted its position in shares of iShares U.S. Insurance ETF by 9.1% during the 2nd quarter. NewEdge Advisors LLC now owns 26,783 shares of the company’s stock valued at $3,601,000 after buying an additional 2,230 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of iShares U.S. Insurance ETF by 64.0% during the 2nd quarter. Raymond James Financial Inc. now owns 94,246 shares of the company’s stock valued at $12,672,000 after acquiring an additional 36,786 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of iShares U.S. Insurance ETF by 6.7% during the 2nd quarter. Bank of America Corp DE now owns 123,116 shares of the company’s stock valued at $16,554,000 after acquiring an additional 7,703 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.
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