iShares U.S. Insurance ETF (NYSEARCA:IAK) Hits New 1-Year High at $130.47

Shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) hit a new 52-week high on Monday . The stock traded as high as $130.47 and last traded at $130.47, with a volume of 2131 shares traded. The stock had previously closed at $129.67.

iShares U.S. Insurance ETF Price Performance

The stock has a market cap of $724.44 million, a P/E ratio of 17.19 and a beta of 0.40. The business’s fifty day moving average price is $122.66 and its 200 day moving average price is $117.16.

Hedge Funds Weigh In On iShares U.S. Insurance ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new position in shares of iShares U.S. Insurance ETF during the second quarter worth approximately $27,000. Tortoise Investment Management LLC bought a new stake in shares of iShares U.S. Insurance ETF in the fourth quarter worth about $34,000. Larson Financial Group LLC lifted its holdings in iShares U.S. Insurance ETF by 24.1% in the 1st quarter. Larson Financial Group LLC now owns 1,575 shares of the company’s stock worth $185,000 after buying an additional 306 shares during the period. Saxony Capital Management LLC purchased a new position in shares of iShares U.S. Insurance ETF during the second quarter valued at about $242,000. Finally, Csenge Advisory Group bought a new stake in shares of iShares U.S. Insurance ETF during the second quarter valued at approximately $250,000.

About iShares U.S. Insurance ETF

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.