iShares U.S. Insurance ETF (NYSEARCA:IAK) Reaches New 52-Week High at $130.47

iShares U.S. Insurance ETF (NYSEARCA:IAK)’s share price hit a new 52-week high during mid-day trading on Monday . The company 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 Trading Up 0.7 %

The firm has a market capitalization of $724.44 million, a P/E ratio of 17.19 and a beta of 0.40. The business’s 50 day simple moving average is $122.66 and its two-hundred day simple moving average is $117.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC bought a new stake in iShares U.S. Insurance ETF in the 2nd quarter worth about $27,000. Tortoise Investment Management LLC purchased a new stake in shares of iShares U.S. Insurance ETF during the 4th quarter valued at about $34,000. Larson Financial Group LLC grew its stake in shares of iShares U.S. Insurance ETF by 24.1% in the first quarter. Larson Financial Group LLC now owns 1,575 shares of the company’s stock worth $185,000 after acquiring an additional 306 shares during the period. Saxony Capital Management LLC purchased a new stake in iShares U.S. Insurance ETF in the second quarter worth approximately $242,000. Finally, Csenge Advisory Group bought a new stake in shares of iShares U.S. Insurance ETF during the 2nd quarter valued at about $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.