IAK Stock Summary and Trading Ideas (iShares U.S. Insurance ETF | ARCA:IAK)

The iShares Dow Jones U.S. Insurance Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Dow Jones U.S. Select Insurance Index.

iShares U.S. Insurance ETF trades on the ARCA stock market under the symbol IAK.

As of May 20, 2024, IAK stock price declined to $115.92 with 60,481 million shares trading.

IAK has a beta of 0.37, meaning it tends to be less sensitive to market movements. IAK has a correlation of 0.12 to the broad based SPY ETF.

IAK has a market cap of $625.97 million. This is considered a Small Cap stock.

In the last 3 years, IAK stock traded as high as $117.99 and as low as $74.36.

IAK has outperformed the market in the last year with a return of +35.7%, while the SPY ETF gained +29.3%. However, in the most recent history, IAK shares have underperformed the stock market with its stock returning +5.7% in the last 3 month period and +2.7% for the last 2 week period, while SPY has returned +6.4% and +3.7%, respectively.

IAK support price is $116.80 and resistance is $118.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IAK stock will trade within this expected range on the day.