Cottonwood Capital Advisors LLC Has $3.21 Million Stock Holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Cottonwood Capital Advisors LLC grew its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 11.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,305 shares of the company’s stock after purchasing an additional 2,406 shares during the quarter. iShares U.S. Insurance ETF comprises approximately 2.4% of Cottonwood Capital Advisors LLC’s holdings, making the stock its 13th largest holding. Cottonwood Capital Advisors LLC owned 0.41% of iShares U.S. Insurance ETF worth $3,212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbour Investments Inc. acquired a new position in shares of iShares U.S. Insurance ETF in the 4th quarter valued at $25,000. Farther Finance Advisors LLC acquired a new position in iShares U.S. Insurance ETF in the first quarter valued at about $41,000. Redwood Park Advisors LLC bought a new stake in shares of iShares U.S. Insurance ETF in the fourth quarter worth about $44,000. Aptus Capital Advisors LLC acquired a new stake in shares of iShares U.S. Insurance ETF during the fourth quarter worth about $54,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of iShares U.S. Insurance ETF by 325.4% during the 4th quarter. Russell Investments Group Ltd. now owns 889 shares of the company’s stock valued at $112,000 after purchasing an additional 680 shares in the last quarter.

iShares U.S. Insurance ETF Stock Performance

NYSEARCA IAK opened at $130.85 on Thursday. The stock has a market cap of $824.36 million, a price-to-earnings ratio of 13.69 and a beta of 0.69. The business has a 50 day simple moving average of $133.25 and a 200 day simple moving average of $131.01. iShares U.S. Insurance ETF has a 52-week low of $111.55 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.