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

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

iShares U.S. Insurance ETF Stock Up 1.9%

The stock has a market capitalization of $523.95 million, a PE ratio of 14.11 and a beta of 0.51. The stock’s 50 day moving average price is $138.65 and its 200-day moving average price is $134.42.

Institutional Trading of iShares U.S. Insurance ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. AlphaCore Capital LLC grew its holdings in iShares U.S. Insurance ETF by 326.8% during the 4th quarter. AlphaCore Capital LLC now owns 13,478 shares of the company’s stock worth $1,835,000 after acquiring an additional 10,320 shares in the last quarter. M3 Wealth Management LLC bought a new stake in shares of iShares U.S. Insurance ETF in the 4th quarter valued at about $926,000. Northstar Financial Companies Inc. raised its holdings in shares of iShares U.S. Insurance ETF by 107.3% in the 1st quarter. Northstar Financial Companies Inc. now owns 14,286 shares of the company’s stock valued at $1,833,000 after purchasing an additional 7,393 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of 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 valued at $52,000 after purchasing an additional 396 shares in the last quarter. Finally, RFG Advisory LLC lifted its position in shares of iShares U.S. Insurance ETF by 7.4% in the 1st quarter. RFG Advisory LLC now owns 34,887 shares of the company’s stock worth $4,476,000 after purchasing an additional 2,401 shares during the period.

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.