Cetera Investment Advisers Purchases 1,613 Shares of iShares U.S. Insurance ETF (NYSEARCA:IAK)

Cetera Investment Advisers boosted its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 27.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,423 shares of the company’s stock after acquiring an additional 1,613 shares during the period. Cetera Investment Advisers owned 0.13% of iShares U.S. Insurance ETF worth $1,023,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Eagle Strategies LLC boosted its holdings 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 valued at $1,873,000 after acquiring an additional 97 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in iShares U.S. Insurance ETF by 2.9% during the first quarter. Kingswood Wealth Advisors LLC now owns 4,838 shares of the company’s stock valued at $667,000 after buying an additional 137 shares during the period. D. E. Shaw & Co. Inc. lifted its position in iShares U.S. Insurance ETF by 11.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,919 shares of the company’s stock valued at $243,000 after buying an additional 200 shares during the period. Farther Finance Advisors LLC purchased a new position in iShares U.S. Insurance ETF during the first quarter valued at $41,000. Finally, Spire Wealth Management lifted its position in iShares U.S. Insurance ETF by 19.7% during the first quarter. Spire Wealth Management now owns 2,076 shares of the company’s stock valued at $286,000 after buying an additional 341 shares during the period.

iShares U.S. Insurance ETF Price Performance

IAK opened at $129.63 on Wednesday. The stock has a 50-day moving average price of $130.65 and a 200-day moving average price of $131.71. The firm has a market cap of $738.89 million, a PE ratio of 14.11 and a beta of 0.83. iShares U.S. Insurance ETF has a 1 year low of $117.12 and a 1 year high of $139.08.

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.