Allworth Financial LP Invests $1.62 Million in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Allworth Financial LP purchased a new position in iShares U.S. Insurance ETF (NYSEARCA:IAK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,735 shares of the company’s stock, valued at approximately $1,617,000. Allworth Financial LP owned approximately 0.23% of iShares U.S. Insurance ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AdvisorNet Financial Inc lifted its stake in iShares U.S. Insurance ETF by 21.0% in the 4th quarter. AdvisorNet Financial Inc now owns 962 shares of the company’s stock worth $122,000 after purchasing an additional 167 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in iShares U.S. Insurance ETF during the third quarter worth approximately $180,000. Raymond James Trust N.A. acquired a new position in iShares U.S. Insurance ETF during the third quarter worth $222,000. Spire Wealth Management grew its holdings in iShares U.S. Insurance ETF by 16.7% in the 4th quarter. Spire Wealth Management now owns 1,735 shares of the company’s stock valued at $219,000 after buying an additional 248 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of iShares U.S. Insurance ETF by 6.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,766 shares of the company’s stock worth $228,000 after acquiring an additional 105 shares during the last quarter.

iShares U.S. Insurance ETF Stock Up 0.6 %

NYSEARCA IAK opened at $129.01 on Wednesday. The business’s fifty day simple moving average is $127.40 and its 200-day simple moving average is $128.05. The firm has a market cap of $716.01 million, a PE ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a 52 week low of $109.09 and a 52 week high of $139.08.

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.