Cambridge Investment Research Advisors Inc. Grows Stock Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Cambridge Investment Research Advisors Inc. lifted its stake in shares of iShares U.S. Insurance ETF (NYSEARCA:IAKFree Report) by 30.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,646 shares of the company’s stock after purchasing an additional 3,406 shares during the quarter. Cambridge Investment Research Advisors Inc. owned about 0.36% of iShares U.S. Insurance ETF worth $1,466,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IAK. Kestra Private Wealth Services LLC purchased a new stake in shares of iShares U.S. Insurance ETF during the third quarter worth approximately $277,000. Spire Wealth Management purchased a new position in iShares U.S. Insurance ETF in the third quarter worth $312,000. Atria Wealth Solutions Inc. purchased a new position in iShares U.S. Insurance ETF in the third quarter worth $692,000. Janney Montgomery Scott LLC raised its position in iShares U.S. Insurance ETF by 10.7% in the third quarter. Janney Montgomery Scott LLC now owns 15,398 shares of the company’s stock worth $1,411,000 after acquiring an additional 1,484 shares in the last quarter. Finally, Aptus Capital Advisors LLC purchased a new position in iShares U.S. Insurance ETF in the third quarter worth $1,039,000.

iShares U.S. Insurance ETF Stock Performance

NYSEARCA:IAK opened at $114.64 on Friday. The stock has a fifty day moving average price of $114.39 and a two-hundred day moving average price of $108.60. The stock has a market capitalization of $636.25 million, a price-to-earnings ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a 1 year low of $85.20 and a 1 year high of $117.99.

About iShares U.S. Insurance ETF

(Free Report)

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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Institutional Ownership by Quarter for iShares U.S. Insurance ETF (NYSEARCA:IAK)

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