Chicago Wealth Management Inc. Decreases Stake in iShares U.S. Insurance ETF $IAK

Chicago Wealth Management Inc. cut its stake in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 1.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 30,410 shares of the company’s stock after selling 365 shares during the period. iShares U.S. Insurance ETF comprises approximately 2.2% of Chicago Wealth Management Inc.’s portfolio, making the stock its 17th largest holding. Chicago Wealth Management Inc.’s holdings in iShares U.S. Insurance ETF were worth $4,191,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in IAK. Farther Finance Advisors LLC acquired a new position in iShares U.S. Insurance ETF during the 1st quarter worth approximately $41,000. Aptus Capital Advisors LLC purchased a new stake in shares of iShares U.S. Insurance ETF during the 4th quarter worth $54,000. Private Trust Co. NA acquired a new position in shares of iShares U.S. Insurance ETF during the first quarter worth $103,000. Russell Investments Group Ltd. grew its stake in shares of iShares U.S. Insurance ETF by 325.4% during the fourth quarter. Russell Investments Group Ltd. now owns 889 shares of the company’s stock worth $112,000 after purchasing an additional 680 shares in the last quarter. Finally, Copia Wealth Management purchased a new position in iShares U.S. Insurance ETF in the first quarter valued at $125,000.

iShares U.S. Insurance ETF Price Performance

iShares U.S. Insurance ETF stock opened at $133.19 on Friday. The stock has a market cap of $759.18 million, a PE ratio of 14.11 and a beta of 0.83. The stock’s fifty day moving average is $130.41 and its two-hundred day moving average is $131.82. iShares U.S. Insurance ETF has a 1-year low of $119.23 and a 1-year 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.