iShares U.S. Insurance ETF (NYSEARCA:IAK) Stock Price Up 0.4% – Still a Buy?

iShares U.S. Insurance ETF (NYSEARCA:IAK) rose 0.4% during trading on Wednesday . The stock traded as high as $139.79 and last traded at $139.02. 78,854 shares were traded during mid-day trading, an increase of 25% from the average session volume of 63,159 shares. The stock had previously closed at $138.53.

iShares U.S. Insurance ETF Stock Performance

The firm has a market cap of $396.09 million, a PE ratio of 14.11 and a beta of 0.52. The stock has a 50-day simple moving average of $132.84 and a two-hundred day simple moving average of $133.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IAK. Wealthfront Advisers LLC boosted its holdings in iShares U.S. Insurance ETF by 5.7% in the first quarter. Wealthfront Advisers LLC now owns 1,675 shares of the company’s stock worth $215,000 after purchasing an additional 90 shares during the last quarter. National Bank of Canada FI raised its stake in iShares U.S. Insurance ETF by 61.5% during the 3rd quarter. National Bank of Canada FI now owns 260 shares of the company’s stock valued at $35,000 after buying an additional 99 shares during the last quarter. Mariner LLC lifted its holdings in shares of iShares U.S. Insurance ETF by 1.3% during the 4th quarter. Mariner LLC now owns 10,271 shares of the company’s stock valued at $1,398,000 after buying an additional 132 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in shares of iShares U.S. Insurance ETF by 1.2% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 12,398 shares of the company’s stock valued at $1,667,000 after buying an additional 152 shares during the period. Finally, Private Advisor Group LLC boosted its stake in shares of iShares U.S. Insurance ETF by 4.3% in the 3rd quarter. Private Advisor Group LLC now owns 4,654 shares of the company’s stock worth $624,000 after buying an additional 193 shares during the last quarter.

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.