WESPAC Advisors SoCal LLC raised its position in iShares U.S. Insurance ETF (NYSEARCA:IAK – Free Report) by 35.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,592 shares of the company’s stock after acquiring an additional 23,685 shares during the quarter. iShares U.S. Insurance ETF makes up about 2.7% of WESPAC Advisors SoCal LLC’s holdings, making the stock its 10th biggest holding. WESPAC Advisors SoCal LLC’s holdings in iShares U.S. Insurance ETF were worth $12,047,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in IAK. Farther Finance Advisors LLC purchased a new position in iShares U.S. Insurance ETF in the first quarter worth approximately $41,000. Eagle Strategies LLC lifted its stake in iShares U.S. Insurance ETF by 0.7% in the first quarter. Eagle Strategies LLC now owns 13,593 shares of the company’s stock worth $1,873,000 after acquiring an additional 97 shares during the last quarter. Spire Wealth Management lifted its stake in iShares U.S. Insurance ETF by 19.7% in the first quarter. Spire Wealth Management now owns 2,076 shares of the company’s stock worth $286,000 after acquiring an additional 341 shares during the last quarter. Cottonwood Capital Advisors LLC lifted its stake in iShares U.S. Insurance ETF by 11.5% in the first quarter. Cottonwood Capital Advisors LLC now owns 23,305 shares of the company’s stock worth $3,212,000 after acquiring an additional 2,406 shares during the last quarter. Finally, Tepp RIA LLC lifted its stake in iShares U.S. Insurance ETF by 596.8% in the first quarter. Tepp RIA LLC now owns 25,691 shares of the company’s stock worth $3,540,000 after acquiring an additional 22,004 shares during the last quarter.
iShares U.S. Insurance ETF Stock Down 0.1%
Shares of iShares U.S. Insurance ETF stock opened at $127.10 on Tuesday. iShares U.S. Insurance ETF has a 52-week low of $119.23 and a 52-week high of $139.08. The company has a 50 day moving average of $132.23 and a 200 day moving average of $131.67. The company has a market capitalization of $641.86 million, a P/E ratio of 14.11 and a beta of 0.83.
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.
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