Miracle Mile Advisors LLC Grows Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Miracle Mile Advisors LLC raised its holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 84.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,787 shares of the company’s stock after acquiring an additional 51,749 shares during the period. Miracle Mile Advisors LLC owned approximately 1.96% of iShares U.S. Insurance ETF worth $15,543,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. MML Investors Services LLC raised its holdings in shares of iShares U.S. Insurance ETF by 3.4% in the 4th quarter. MML Investors Services LLC now owns 226,048 shares of the company’s stock valued at $28,588,000 after acquiring an additional 7,490 shares in the last quarter. SPC Financial Inc. raised its holdings in shares of iShares U.S. Insurance ETF by 0.3% during the 4th quarter. SPC Financial Inc. now owns 167,855 shares of the company’s stock valued at $21,229,000 after buying an additional 434 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of iShares U.S. Insurance ETF by 1.9% during the 4th quarter. Royal Bank of Canada now owns 155,233 shares of the company’s stock valued at $19,633,000 after buying an additional 2,905 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of iShares U.S. Insurance ETF by 13.4% during the 4th quarter. Stifel Financial Corp now owns 145,734 shares of the company’s stock valued at $18,431,000 after buying an additional 17,208 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of iShares U.S. Insurance ETF by 17.4% during the 4th quarter. Advisory Services Network LLC now owns 93,719 shares of the company’s stock valued at $11,853,000 after buying an additional 13,910 shares in the last quarter.

iShares U.S. Insurance ETF Trading Up 0.9%

Shares of NYSEARCA IAK opened at $136.16 on Friday. The stock has a market cap of $837.38 million, a price-to-earnings ratio of 13.69 and a beta of 0.69. iShares U.S. Insurance ETF has a 1-year low of $110.92 and a 1-year high of $139.08. The stock’s 50-day moving average is $132.42 and its 200 day moving average is $131.33.

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.