iShares U.S. Insurance ETF (NYSEARCA:IAK) Sees Large Volume Increase – What’s Next?

iShares U.S. Insurance ETF (NYSEARCA:IAK) shares saw an uptick in trading volume on Wednesday . 74,544 shares changed hands during mid-day trading, an increase of 5% from the previous session’s volume of 70,761 shares.The stock last traded at $137.06 and had previously closed at $137.81.

iShares U.S. Insurance ETF Trading Down 1.4 %

The firm has a market cap of $798.58 million, a PE ratio of 12.85 and a beta of 0.80. The stock’s 50 day moving average price is $132.42 and its 200 day moving average price is $130.57.

Institutional Investors Weigh In On iShares U.S. Insurance ETF

A number of large investors have recently modified their holdings of IAK. Harbour Investments Inc. acquired a new stake in iShares U.S. Insurance ETF in the fourth quarter valued at approximately $25,000. Redwood Park Advisors LLC acquired a new stake in iShares U.S. Insurance ETF during the 4th quarter valued at $44,000. Aptus Capital Advisors LLC acquired a new stake in iShares U.S. Insurance ETF during the 4th quarter valued at $54,000. Russell Investments Group Ltd. increased its stake in iShares U.S. Insurance ETF by 325.4% during the 4th quarter. Russell Investments Group Ltd. now owns 889 shares of the company’s stock worth $112,000 after buying an additional 680 shares during the period. Finally, AdvisorNet Financial Inc lifted its holdings in iShares U.S. Insurance ETF by 21.0% in the 4th quarter. AdvisorNet Financial Inc now owns 962 shares of the company’s stock worth $122,000 after buying an additional 167 shares in 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.