Avantax Advisory Services Inc. Boosts Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Avantax Advisory Services Inc. grew its stake in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 392.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,679 shares of the company’s stock after buying an additional 11,698 shares during the period. Avantax Advisory Services Inc. owned 0.26% of iShares U.S. Insurance ETF worth $1,856,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IAK. AdvisorNet Financial Inc increased its holdings in iShares U.S. Insurance ETF by 21.0% during the 4th quarter. AdvisorNet Financial Inc now owns 962 shares of the company’s stock worth $122,000 after acquiring an additional 167 shares during the period. Spire Wealth Management grew its position in shares of iShares U.S. Insurance ETF by 16.7% during the 4th quarter. Spire Wealth Management now owns 1,735 shares of the company’s stock valued at $219,000 after purchasing an additional 248 shares in the last quarter. Raymond James Trust N.A. purchased a new position in shares of iShares U.S. Insurance ETF during the 3rd quarter valued at $222,000. Larson Financial Group LLC increased its holdings in shares of iShares U.S. Insurance ETF by 6.3% in the third quarter. Larson Financial Group LLC now owns 1,766 shares of the company’s stock worth $228,000 after purchasing an additional 105 shares during the period. Finally, L.M. Kohn & Company purchased a new stake in shares of iShares U.S. Insurance ETF in the third quarter worth $250,000.

iShares U.S. Insurance ETF Stock Performance

NYSEARCA:IAK opened at $137.90 on Tuesday. iShares U.S. Insurance ETF has a 52-week low of $109.09 and a 52-week high of $139.08. The stock has a fifty day moving average of $129.77 and a 200 day moving average of $129.78. The firm has a market capitalization of $765.35 million, a price-to-earnings ratio of 12.99 and a beta of 0.80.

About iShares U.S. Insurance ETF

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.