iShares U.S. Insurance ETF (NYSEARCA:IAK) Reaches New 1-Year High – Should You Buy?

iShares U.S. Insurance ETF (NYSEARCA:IAK)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $151.35 and last traded at $151.49, with a volume of 16209 shares trading hands. The stock had previously closed at $149.07.

iShares U.S. Insurance ETF Stock Up 1.9%

The company’s 50 day simple moving average is $138.65 and its two-hundred day simple moving average is $134.42. The company has a market capitalization of $523.95 million, a price-to-earnings ratio of 14.11 and a beta of 0.51.

Institutional Trading of iShares U.S. Insurance ETF

Institutional investors have recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Insurance ETF in the 1st quarter worth $26,000. International Assets Investment Management LLC purchased a new position in shares of iShares U.S. Insurance ETF in the 4th quarter valued at approximately $31,000. Flagship Harbor Advisors LLC purchased a new position in shares of iShares U.S. Insurance ETF in the 4th quarter valued at approximately $34,000. National Bank of Canada FI boosted 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 worth $35,000 after purchasing an additional 99 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in iShares U.S. Insurance ETF by 3,960.0% in the 1st quarter. Blue Trust Inc. now owns 406 shares of the company’s stock worth $52,000 after purchasing an additional 396 shares in 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.