iShares U.S. Insurance ETF $IAK Shares Acquired by Belpointe Asset Management LLC

Belpointe Asset Management LLC boosted its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 47.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,674 shares of the company’s stock after acquiring an additional 1,514 shares during the period. Belpointe Asset Management LLC owned 0.08% of iShares U.S. Insurance ETF worth $644,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. raised its holdings in iShares U.S. Insurance ETF by 15.6% in the first quarter. Avantax Advisory Services Inc. now owns 16,972 shares of the company’s stock valued at $2,339,000 after acquiring an additional 2,293 shares in the last quarter. Sowell Financial Services LLC bought a new stake in iShares U.S. Insurance ETF during the first quarter valued at $298,000. Cetera Investment Advisers increased its stake in iShares U.S. Insurance ETF by 8.6% during the fourth quarter. Cetera Investment Advisers now owns 5,810 shares of the company’s stock valued at $735,000 after purchasing an additional 459 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in iShares U.S. Insurance ETF by 6.3% during the 1st quarter. Kestra Private Wealth Services LLC now owns 9,337 shares of the company’s stock valued at $1,287,000 after purchasing an additional 556 shares during the period. Finally, Farther Finance Advisors LLC bought a new position in iShares U.S. Insurance ETF in the 1st quarter worth about $41,000.

iShares U.S. Insurance ETF Trading Down 0.3%

IAK opened at $133.67 on Friday. The business’s 50 day moving average is $130.52 and its 200-day moving average is $132.24. The stock has a market cap of $761.92 million, a PE ratio of 14.11 and a beta of 0.83. iShares U.S. Insurance ETF has a twelve month low of $119.23 and a twelve month 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.