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Cons Disc distribution & retail has the highest dispersion among S&P groups - MS
Seeking Alpha News (Tue, 26-Mar 11:45 AM ET)
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 March 28, 2024, IAK stock price climbed to $117.39 with 30,563 million shares trading.
IAK has a beta of 0.46, meaning it tends to be less sensitive to market movements. IAK has a correlation of 0.20 to the broad based SPY ETF.
IAK has a market cap of $645.64 million. This is considered a Small Cap stock.
In the last 3 years, IAK stock traded as high as $117.60 and as low as $74.04.
IAK has outperformed the market in the last year with a price return of +43.2% while the SPY ETF gained +33.6%. IAK has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +18.5% and +3.0%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
IAK support price is $116.19 and resistance is $117.71 (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.