NewEdge Advisors LLC Buys 1,233 Shares of iShares U.S. Insurance ETF $IAK

NewEdge Advisors LLC lifted its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 5.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 24,553 shares of the company’s stock after purchasing an additional 1,233 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares U.S. Insurance ETF were worth $3,384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new stake in iShares U.S. Insurance ETF in the 1st quarter worth approximately $41,000. Private Trust Co. NA purchased a new position in iShares U.S. Insurance ETF during the first quarter valued at approximately $103,000. Copia Wealth Management bought a new position in shares of iShares U.S. Insurance ETF in the first quarter worth approximately $125,000. NBC Securities Inc. purchased a new stake in shares of iShares U.S. Insurance ETF in the first quarter worth $132,000. Finally, Ironsides Asset Advisors LLC purchased a new stake in shares of iShares U.S. Insurance ETF in the first quarter worth $212,000.

iShares U.S. Insurance ETF Stock Performance

IAK opened at $131.73 on Wednesday. iShares U.S. Insurance ETF has a fifty-two week low of $119.23 and a fifty-two week high of $139.08. The firm’s fifty day moving average is $130.46 and its 200 day moving average is $132.20. The stock has a market cap of $750.86 million, a price-to-earnings 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.