WESPAC Advisors LLC Purchases New Position in iShares U.S. Insurance ETF $IAK

WESPAC Advisors LLC purchased a new stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) in the second quarter, HoldingsChannel reports. The fund purchased 1,658 shares of the company’s stock, valued at approximately $223,000.

A number of other institutional investors have also recently made changes to their positions in IAK. Farther Finance Advisors LLC bought a new position in shares of iShares U.S. Insurance ETF in the 1st quarter valued at about $41,000. Focus Financial Network Inc. bought a new position in shares of iShares U.S. Insurance ETF in the 1st quarter valued at about $402,000. Capital Advisory Group Advisory Services LLC lifted its holdings in shares of iShares U.S. Insurance ETF by 3.2% in the 1st quarter. Capital Advisory Group Advisory Services LLC now owns 26,150 shares of the company’s stock valued at $3,604,000 after acquiring an additional 808 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of iShares U.S. Insurance ETF in the 1st quarter valued at about $298,000. Finally, Copia Wealth Management bought a new position in shares of iShares U.S. Insurance ETF in the 1st quarter valued at about $125,000.

iShares U.S. Insurance ETF Trading Down 0.4%

Shares of NYSEARCA:IAK opened at $134.94 on Thursday. iShares U.S. Insurance ETF has a 12 month low of $119.23 and a 12 month high of $139.08. The company has a 50-day moving average price of $131.93 and a 200 day moving average price of $132.03. The company has a market cap of $715.18 million, a price-to-earnings ratio of 14.11 and a beta of 0.83.

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.