M3 Wealth Management LLC Buys New Stake in iShares U.S. Insurance ETF $IAK

M3 Wealth Management LLC bought a new stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 6,798 shares of the company’s stock, valued at approximately $926,000.

Other hedge funds have also recently modified their holdings of the company. MAI Capital Management purchased a new position in shares of iShares U.S. Insurance ETF in the 3rd quarter valued at $31,000. International Assets Investment Management LLC purchased a new position in shares of iShares U.S. Insurance ETF in the 4th quarter valued at $31,000. Flagship Harbor Advisors LLC purchased a new position in shares of iShares U.S. Insurance ETF in the 4th quarter valued at $34,000. National Bank of Canada FI grew its position in shares of iShares U.S. Insurance ETF by 61.5% in the 3rd quarter. National Bank of Canada FI now owns 260 shares of the company’s stock valued at $35,000 after buying an additional 99 shares during the last quarter. Finally, Aptus Capital Advisors LLC purchased a new position in shares of iShares U.S. Insurance ETF in the 3rd quarter valued at $59,000.

iShares U.S. Insurance ETF Price Performance

NYSEARCA IAK opened at $133.36 on Wednesday. The firm’s fifty day moving average price is $130.91 and its 200 day moving average price is $132.95. The company has a market capitalization of $373.41 million, a price-to-earnings ratio of 14.11 and a beta of 0.54. iShares U.S. Insurance ETF has a 12 month low of $124.62 and a 12 month high of $138.66.

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.