iShares U.S. Insurance ETF (NYSEARCA:IAK) Reaches New 1-Year High at $121.76

iShares U.S. Insurance ETF (NYSEARCA:IAK)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $121.76 and last traded at $120.82, with a volume of 13481 shares trading hands. The stock had previously closed at $120.59.

iShares U.S. Insurance ETF Trading Down 0.9 %

The company has a market cap of $663.11 million, a price-to-earnings ratio of 17.19 and a beta of 0.40. The stock’s 50-day moving average is $115.09 and its 200-day moving average is $112.89.

Institutional Trading of iShares U.S. Insurance ETF

Large investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in iShares U.S. Insurance ETF by 105.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 37,179 shares of the company’s stock worth $3,723,000 after acquiring an additional 19,102 shares during the last quarter. Private Trust Co. NA bought a new position in shares of iShares U.S. Insurance ETF during the fourth quarter valued at about $268,000. Commonwealth Retirement Investments LLC purchased a new position in iShares U.S. Insurance ETF during the fourth quarter worth about $230,000. International Assets Investment Management LLC bought a new stake in iShares U.S. Insurance ETF in the 4th quarter worth about $2,902,000. Finally, WESPAC Advisors SoCal LLC purchased a new stake in iShares U.S. Insurance ETF in the 4th quarter valued at about $419,000.

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.