iShares U.S. Insurance ETF (NYSEARCA:IAK) Reaches New 12-Month High at $130.00

iShares U.S. Insurance ETF (NYSEARCA:IAK) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $130.00 and last traded at $129.37, with a volume of 3630 shares changing hands. The stock had previously closed at $128.14.

iShares U.S. Insurance ETF Price Performance

The company’s 50-day simple moving average is $121.10 and its two-hundred day simple moving average is $116.52. The firm has a market capitalization of $719.22 million, a P/E ratio of 17.19 and a beta of 0.40.

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

A number of large investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in iShares U.S. Insurance ETF by 7.7% in the fourth quarter. Wells Fargo & Company MN now owns 176,639 shares of the company’s stock worth $17,686,000 after purchasing an additional 12,577 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of iShares U.S. Insurance ETF by 6.2% during the first quarter. Osaic Holdings Inc. now owns 173,135 shares of the company’s stock valued at $20,311,000 after purchasing an additional 10,148 shares during the period. Stifel Financial Corp grew its holdings in shares of iShares U.S. Insurance ETF by 11.0% in the fourth quarter. Stifel Financial Corp now owns 134,142 shares of the company’s stock worth $13,432,000 after purchasing an additional 13,240 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in iShares U.S. Insurance ETF by 568.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 97,837 shares of the company’s stock worth $11,485,000 after buying an additional 83,191 shares during the period. Finally, Fortis Group Advisors LLC lifted its holdings in iShares U.S. Insurance ETF by 16.1% during the 2nd quarter. Fortis Group Advisors LLC now owns 64,687 shares of the company’s stock valued at $7,304,000 after buying an additional 8,980 shares in the last quarter.

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.