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

iShares U.S. Insurance ETF (NYSEARCA:IAK)’s share price traded up 1.3% during trading on Thursday. The company traded as high as $137.47 and last traded at $137.28. 82,627 shares changed hands during trading, a decline of 6% from the average daily volume of 88,319 shares. The stock had previously closed at $135.57.

iShares U.S. Insurance ETF Trading Up 1.3%

The firm has a market capitalization of $425.57 million, a P/E ratio of 14.11 and a beta of 0.50. The firm has a 50-day moving average of $144.43 and a two-hundred day moving average of $138.01.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC bought a new position in shares of iShares U.S. Insurance ETF in the first quarter worth about $26,000. Trust Co. of Vermont bought a new stake in shares of iShares U.S. Insurance ETF during the 2nd quarter valued at approximately $35,000. Blue Trust Inc. grew its holdings in shares of iShares U.S. Insurance ETF by 3,960.0% during the 1st quarter. Blue Trust Inc. now owns 406 shares of the company’s stock valued at $52,000 after purchasing an additional 396 shares during the last quarter. Osbon Capital Management LLC acquired a new position in iShares U.S. Insurance ETF during the 4th quarter worth approximately $61,000. Finally, Compass Financial Management LLC acquired a new position in iShares U.S. Insurance ETF during the 2nd quarter worth approximately $66,000.

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.