Belpointe Asset Management LLC Buys 367 Shares of iShares U.S. Insurance ETF $IAK

Belpointe Asset Management LLC increased its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 7.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,041 shares of the company’s stock after buying an additional 367 shares during the quarter. Belpointe Asset Management LLC owned about 0.09% of iShares U.S. Insurance ETF worth $678,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Realta Investment Advisors purchased a new stake in shares of iShares U.S. Insurance ETF during the second quarter valued at $38,000. Farther Finance Advisors LLC bought a new position in shares of iShares U.S. Insurance ETF in the first quarter worth about $41,000. Ameritas Advisory Services LLC bought a new position in shares of iShares U.S. Insurance ETF in the second quarter worth about $41,000. Private Trust Co. NA bought a new position in shares of iShares U.S. Insurance ETF in the first quarter worth about $103,000. Finally, Copia Wealth Management bought a new position in shares of iShares U.S. Insurance ETF in the first quarter worth about $125,000.

iShares U.S. Insurance ETF Trading Down 0.4%

NYSEARCA IAK opened at $134.94 on Thursday. The company’s 50-day moving average price is $131.93 and its 200-day moving average price is $132.03. The stock has a market cap of $715.18 million, a PE ratio of 14.11 and a beta of 0.83. iShares U.S. Insurance ETF has a 12 month low of $119.23 and a 12 month 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.