HighTower Advisors LLC Purchases 853 Shares of iShares U.S. Insurance ETF $IAK

HighTower Advisors LLC lifted its position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 36.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,171 shares of the company’s stock after acquiring an additional 853 shares during the quarter. HighTower Advisors LLC owned approximately 0.06% of iShares U.S. Insurance ETF worth $437,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. LPL Financial LLC grew its stake in iShares U.S. Insurance ETF by 37.7% in the first quarter. LPL Financial LLC now owns 159,813 shares of the company’s stock valued at $22,024,000 after acquiring an additional 43,716 shares during the period. Royal Bank of Canada grew its stake in iShares U.S. Insurance ETF by 1.9% in the fourth quarter. Royal Bank of Canada now owns 155,233 shares of the company’s stock valued at $19,633,000 after acquiring an additional 2,905 shares during the period. Miracle Mile Advisors LLC boosted its position in shares of iShares U.S. Insurance ETF by 84.8% during the first quarter. Miracle Mile Advisors LLC now owns 112,787 shares of the company’s stock worth $15,543,000 after buying an additional 51,749 shares during the period. Beacon Harbor Wealth Advisors Inc. bought a new position in shares of iShares U.S. Insurance ETF during the first quarter worth about $11,958,000. Finally, Spectrum Wealth Counsel LLC grew its holdings in shares of iShares U.S. Insurance ETF by 20.8% during the first quarter. Spectrum Wealth Counsel LLC now owns 71,539 shares of the company’s stock worth $9,859,000 after buying an additional 12,307 shares in the last quarter.

iShares U.S. Insurance ETF Stock Performance

NYSEARCA IAK opened at $132.80 on Monday. iShares U.S. Insurance ETF has a 52 week low of $119.23 and a 52 week high of $139.08. The stock’s 50 day moving average price is $130.53 and its two-hundred day moving average price is $132.03. The stock has a market capitalization of $756.96 million, a price-to-earnings ratio of 14.11 and a beta of 0.83.

iShares U.S. Insurance ETF 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.