Arkadios Wealth Advisors Acquires Shares of 4,179 iShares U.S. Insurance ETF $IAK

Arkadios Wealth Advisors acquired a new stake in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) during the second quarter, Holdings Channel.com reports. The firm acquired 4,179 shares of the company’s stock, valued at approximately $562,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wealthfront Advisers LLC raised its holdings in shares of iShares U.S. Insurance ETF by 7.7% in the second quarter. Wealthfront Advisers LLC now owns 1,754 shares of the company’s stock worth $236,000 after buying an additional 126 shares during the period. Kingswood Wealth Advisors LLC raised its holdings in shares of iShares U.S. Insurance ETF by 3.1% in the second quarter. Kingswood Wealth Advisors LLC now owns 4,988 shares of the company’s stock worth $671,000 after buying an additional 150 shares during the period. Concurrent Investment Advisors LLC raised its holdings in shares of iShares U.S. Insurance ETF by 9.7% in the second quarter. Concurrent Investment Advisors LLC now owns 1,704 shares of the company’s stock worth $229,000 after buying an additional 151 shares during the period. Cottonwood Capital Advisors LLC raised its holdings in shares of iShares U.S. Insurance ETF by 1.0% in the second quarter. Cottonwood Capital Advisors LLC now owns 23,537 shares of the company’s stock worth $3,165,000 after buying an additional 232 shares during the period. Finally, Cadent Capital Advisors LLC raised its holdings in shares of iShares U.S. Insurance ETF by 0.6% in the second quarter. Cadent Capital Advisors LLC now owns 38,582 shares of the company’s stock worth $5,188,000 after buying an additional 241 shares during the period.

iShares U.S. Insurance ETF Stock Performance

Shares of NYSEARCA IAK opened at $126.00 on Tuesday. The business’s 50 day moving average price is $131.24 and its 200-day moving average price is $131.64. iShares U.S. Insurance ETF has a fifty-two week low of $119.23 and a fifty-two week high of $139.08. The company has a market cap of $617.40 million, a price-to-earnings ratio of 14.11 and a beta of 0.65.

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.