Cetera Investment Advisers Acquires 10,366 Shares of iShares U.S. Insurance ETF $IAK

Cetera Investment Advisers lifted its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 100.1% during the 1st quarter, Holdings Channel reports. The firm owned 20,725 shares of the company’s stock after acquiring an additional 10,366 shares during the period. Cetera Investment Advisers’ holdings in iShares U.S. Insurance ETF were worth $2,659,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wealthfront Advisers LLC lifted its stake in iShares U.S. Insurance ETF by 5.7% in the first quarter. Wealthfront Advisers LLC now owns 1,675 shares of the company’s stock valued at $215,000 after buying an additional 90 shares during the period. National Bank of Canada FI grew its position in shares of iShares U.S. Insurance ETF by 61.5% during the 3rd quarter. National Bank of Canada FI now owns 260 shares of the company’s stock worth $35,000 after buying an additional 99 shares during the period. Mariner LLC increased its stake in shares of iShares U.S. Insurance ETF by 1.3% in the 4th quarter. Mariner LLC now owns 10,271 shares of the company’s stock valued at $1,398,000 after acquiring an additional 132 shares during the last quarter. Great Valley Advisor Group Inc. increased its stake in shares of iShares U.S. Insurance ETF by 1.2% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 12,398 shares of the company’s stock valued at $1,667,000 after acquiring an additional 152 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in shares of iShares U.S. Insurance ETF by 4.3% in the 3rd quarter. Private Advisor Group LLC now owns 4,654 shares of the company’s stock valued at $624,000 after acquiring an additional 193 shares during the period.

iShares U.S. Insurance ETF Price Performance

iShares U.S. Insurance ETF stock opened at $148.08 on Friday. The company’s 50 day simple moving average is $141.54 and its 200 day simple moving average is $135.40. iShares U.S. Insurance ETF has a fifty-two week low of $124.62 and a fifty-two week high of $152.38. The firm has a market capitalization of $540.49 million, a price-to-earnings ratio of 14.11 and a beta of 0.51.

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.