PFG Advisors boosted its stake in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK – Free Report) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,171 shares of the company’s stock after buying an additional 1,739 shares during the period. PFG Advisors’ holdings in iShares U.S. Insurance ETF were worth $1,539,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAK. Raymond James Financial Inc. bought a new position in iShares U.S. Insurance ETF during the 4th quarter valued at approximately $8,119,000. GGM Financials LLC bought a new position in iShares U.S. Insurance ETF during the 4th quarter valued at approximately $7,878,000. Castleark Management LLC bought a new position in iShares U.S. Insurance ETF during the 3rd quarter valued at approximately $8,010,000. Miracle Mile Advisors LLC bought a new position in iShares U.S. Insurance ETF during the 4th quarter valued at approximately $7,720,000. Finally, WESPAC Advisors SoCal LLC increased its position in iShares U.S. Insurance ETF by 1,097.2% during the 3rd quarter. WESPAC Advisors SoCal LLC now owns 50,523 shares of the company’s stock valued at $6,520,000 after buying an additional 46,303 shares in the last quarter.
iShares U.S. Insurance ETF Trading Up 0.6 %
iShares U.S. Insurance ETF stock opened at $132.69 on Friday. The firm has a market cap of $736.43 million, a price-to-earnings ratio of 12.99 and a beta of 0.80. The stock has a fifty day simple moving average of $129.18 and a two-hundred day simple moving average of $129.57. iShares U.S. Insurance ETF has a 12 month low of $109.09 and a 12 month high of $139.08.
iShares U.S. Insurance ETF 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.
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