Copia Wealth Management Grows Stock Holdings in iShares U.S. Insurance ETF $IAK

Copia Wealth Management raised its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 55.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,403 shares of the company’s stock after acquiring an additional 499 shares during the quarter. Copia Wealth Management’s holdings in iShares U.S. Insurance ETF were worth $189,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IAK. Farther Finance Advisors LLC purchased a new position in shares of iShares U.S. Insurance ETF in the first quarter valued at about $41,000. Sowell Financial Services LLC purchased a new position in shares of iShares U.S. Insurance ETF in the first quarter valued at about $298,000. Kingswood Wealth Advisors LLC increased its position in shares of iShares U.S. Insurance ETF by 2.9% in the first quarter. Kingswood Wealth Advisors LLC now owns 4,838 shares of the company’s stock valued at $667,000 after acquiring an additional 137 shares during the period. Well Done LLC increased its position in shares of iShares U.S. Insurance ETF by 4.0% in the first quarter. Well Done LLC now owns 37,727 shares of the company’s stock valued at $4,771,000 after acquiring an additional 1,437 shares during the period. Finally, Eagle Strategies LLC increased its position in shares of iShares U.S. Insurance ETF by 0.7% in the first quarter. Eagle Strategies LLC now owns 13,593 shares of the company’s stock valued at $1,873,000 after acquiring an additional 97 shares during the period.

iShares U.S. Insurance ETF Trading Up 1.6%

IAK stock opened at $133.90 on Wednesday. The firm’s 50-day moving average price is $132.35 and its two-hundred day moving average price is $131.90. iShares U.S. Insurance ETF has a 12-month low of $119.23 and a 12-month high of $139.08. The stock has a market capitalization of $669.50 million, a price-to-earnings ratio of 14.11 and a beta of 0.83.

About iShares U.S. Insurance ETF

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.