Spectrum Wealth Counsel LLC grew its stake in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK – Free Report) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,232 shares of the company’s stock after purchasing an additional 604 shares during the quarter. Spectrum Wealth Counsel LLC owned approximately 1.07% of iShares U.S. Insurance ETF worth $7,491,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc increased its holdings in shares of iShares U.S. Insurance ETF by 21.0% in the 4th quarter. AdvisorNet Financial Inc now owns 962 shares of the company’s stock valued at $122,000 after acquiring an additional 167 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares U.S. Insurance ETF in the 3rd quarter valued at $180,000. Raymond James Trust N.A. acquired a new position in shares of iShares U.S. Insurance ETF in the 3rd quarter valued at $222,000. Spire Wealth Management increased its holdings in shares of iShares U.S. Insurance ETF by 16.7% in the 4th quarter. Spire Wealth Management now owns 1,735 shares of the company’s stock valued at $219,000 after acquiring an additional 248 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of iShares U.S. Insurance ETF by 6.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,766 shares of the company’s stock valued at $228,000 after acquiring an additional 105 shares during the period.
iShares U.S. Insurance ETF Stock Performance
Shares of IAK opened at $136.04 on Friday. The stock has a market capitalization of $755.02 million, a P/E ratio of 17.19 and a beta of 0.40. The company’s fifty day moving average is $127.82 and its two-hundred day moving average is $128.76. iShares U.S. Insurance ETF has a 1 year low of $109.09 and a 1 year high of $139.08.
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.
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