iShares U.S. Insurance ETF (IAK)
| Assets | $760.79M |
| Expense Ratio | 0.39% |
| PE Ratio | 19.68 |
| Shares Out | 5.70M |
| Dividend (ttm) | $1.59 |
| Dividend Yield | 1.20% |
| Ex-Dividend Date | Sep 25, 2024 |
| Payout Ratio | 23.63% |
| 1-Year Return | +36.70% |
| Volume | 29,394 |
| Open | 132.52 |
| Previous Close | 132.27 |
| Day's Range | 131.41 - 132.70 |
| 52-Week Low | 97.60 |
| 52-Week High | 133.82 |
| Beta | 0.81 |
| Holdings | 56 |
| Inception Date | May 1, 2006 |
About IAK
Fund Home PageThe iShares U.S. Insurance ETF (IAK) is an exchange-traded fund that is based on the DJ US Select / Insurance index. The fund tracks a market-cap index of US insurance companies. IAK was launched on May 1, 2006 and is issued by BlackRock.
Top 10 Holdings
66.59% of assets| Name | Symbol | Weight |
|---|---|---|
| The Progressive Corporation | PGR | 16.19% |
| Chubb Limited | CB | 11.69% |
| The Travelers Companies, Inc. | TRV | 6.43% |
| Aflac Incorporated | AFL | 6.06% |
| MetLife, Inc. | MET | 4.73% |
| Prudential Financial, Inc. | PRU | 4.71% |
| The Allstate Corporation | ALL | 4.53% |
| American International Group, Inc. | AIG | 4.45% |
| The Hartford Financial Services Group, Inc. | HIG | 4.06% |
| Arch Capital Group Ltd. | ACGL | 3.74% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 25, 2024 | $0.522 | Sep 30, 2024 |
| Jun 11, 2024 | $0.224 | Jun 17, 2024 |
| Mar 21, 2024 | $0.411 | Mar 27, 2024 |
| Dec 20, 2023 | $0.433 | Dec 27, 2023 |
| Sep 26, 2023 | $0.491 | Oct 2, 2023 |
| Jun 7, 2023 | $0.239 | Jun 13, 2023 |
News
Calls of the Day: Royal Caribbean, General Motors, Blackstone, Valero, Lowe's and the IAK
The Investment Committee debate the latest Calls Of The Day.
IAK: Sticking With Hot Insurance Stocks, Valuation Checks Out
I reiterate a buy rating on the iShares U.S. Insurance ETF due to strong momentum, solid valuation, and significant returns since early 2023. Key risks include moderating premium inflation, higher cla...
IAK: Despite Mediocre Recent Performance, Fundamental Strengths Remain
IAK remains a buy due to strong earnings and profit margins of top holdings, favorable valuation, and potential market correction protection. Top holdings of Progressive, Chubb, and AIG show promising...
Insurance Stocks Do Just Fine Amid Harsh Weather
Strange as it sounds, heat waves and car accidents might be good for your portfolio.
IAK: How This Fund Could Act As 'Insurance' In A Market Downturn
IAK is a buy due to its long-term track record of performance and relatively low correlation to the market overall, as measured by beta value. The insurance industry, particularly in the Asia Pacific ...
IAK: Pricing Power In Automotive
The iShares U.S. Insurance ETF provides exposure to US insurance stocks, with an especially large exposure to P&C insurance. The expense ratio of IAK is only slightly higher than the average for US in...
IAK: Insurance Keeps On Benefiting
The iShares U.S. Insurance ETF is a concentrated portfolio with top holdings in major insurance companies like Progressive, Chubb, AIG, Aflac, and MetLife. IAK primarily invests in the Property & Casu...
IAK: Jobs Data May Seal Deal
IAK covers insurance companies in the US, benefiting secularly from improving demographics and more uniquely now from higher fixed income rates. The confluence of factors that benefit both fixed incom...
IAK: Favorable With Belligerent Economy In The Face Of Rate Hikes
IAK: Favorable With Belligerent Economy In The Face Of Rate Hikes
Regional Banking Concerns Produce Financial Services ETF Outflows
Lipper Financial Services ETFs recorded their largest weekly outflow of the year over the past fund flows week (-$1.4 billion). On top of the bank failures, market participants are worried about the l...
IAK: An Insurance ETF That Could Stand Up To Inflation
iShares U.S. Insurance ETF focuses on United States insurance companies, primarily those centered on property & casualty insurance. IAK could profit in the medium term amid high inflation as well in t...
IAK: Insurance Stocks' Momentum Waning, Valuations Still Strong
Domestic insurance equities were among 2022's biggest winners. Rising rates boosted the group, but that macro feature hasn't helped so much this year.
Potomac Wealth's Mark Avallone likes financials, particularly insurance, heading into 2023
Mark Avallone, Potomac Wealth Advisors president, joins 'The Exchange' to discuss positioning in 2023.
Spotlight: Insurance ETF Beats Market as Rates Jump
iShares' IAK soars on rising company profits, helpful Fed moves and a stable industry.
IAK: Insurance Stocks Close At A Fresh Weekly All-Time High, Valuation Still Reasonable
Insurance equities keep beating the broad market despite stocks being in a more risk-on environment. As yields fluctuate, pressuring banks, insurers are doing well.
IAK Makes A Lot Of Sense Right Now
IAK has been quite resilient and for good reason. Insurance is an attractive place to be in the current markets thanks to rising yields on reserve portfolios.
IAK Vs. KIE: Which U.S. Insurance ETF Is The Better Buy?
Insurance stocks become more attractive when rates rise, and IAK and KIE are two ETFs worth considering. Unfortunately, they aren't cheap, with expense ratios of 0.42% and 0.35%, respectively. They di...
3 ETFs To Avoid Following The Fed's Latest Interest Rate Cut
In an emergency move, one that some argued was a sign of panic, the Federal Reserve on Tuesday slashed interest rates by 50 basis points.