iShares U.S. Insurance ETF (NYSEARCA:IAK) Shares Climb 1.3% – Here’s What Happened

iShares U.S. Insurance ETF (NYSEARCA:IAK) shares shot up 1.3% during mid-day trading on Thursday. The stock traded as high as $137.47 and last traded at $137.28. Approximately 82,627 shares traded hands during trading, a decline of 6% from the average session volume of 88,319 shares. The stock had previously closed at $135.57.

iShares U.S. Insurance ETF Price Performance

The company has a market cap of $425.57 million, a P/E ratio of 14.11 and a beta of 0.50. The stock has a 50-day moving average of $144.43 and a 200 day moving average of $138.01.

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

Several hedge funds have recently bought and sold shares of IAK. Turtle Creek Wealth Advisors LLC bought a new stake in shares of iShares U.S. Insurance ETF during the 1st quarter worth approximately $26,000. Trust Co. of Vermont bought a new position in iShares U.S. Insurance ETF in the second quarter valued at approximately $35,000. Blue Trust Inc. raised its position in iShares U.S. Insurance ETF by 3,960.0% during the first quarter. Blue Trust Inc. now owns 406 shares of the company’s stock valued at $52,000 after purchasing an additional 396 shares in the last quarter. Osbon Capital Management LLC acquired a new position in iShares U.S. Insurance ETF during the fourth quarter valued at approximately $61,000. Finally, Compass Financial Management LLC bought a new stake in iShares U.S. Insurance ETF during the second quarter worth $66,000.

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.