Concurrent Investment Advisors LLC Raises Stock Holdings in iShares U.S. Insurance ETF $IAK

Concurrent Investment Advisors LLC raised its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 9.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,704 shares of the company’s stock after buying an additional 151 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares U.S. Insurance ETF were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAK. Realta Investment Advisors purchased a new stake in iShares U.S. Insurance ETF in the second quarter valued at approximately $38,000. Farther Finance Advisors LLC purchased a new stake in shares of iShares U.S. Insurance ETF during the first quarter worth approximately $41,000. Ameritas Advisory Services LLC purchased a new stake in shares of iShares U.S. Insurance ETF during the second quarter worth approximately $41,000. Private Trust Co. NA purchased a new stake in shares of iShares U.S. Insurance ETF during the first quarter worth approximately $103,000. Finally, Bulwark Capital Corp purchased a new stake in shares of iShares U.S. Insurance ETF during the second quarter worth approximately $159,000.

iShares U.S. Insurance ETF Price Performance

iShares U.S. Insurance ETF stock opened at $127.10 on Tuesday. iShares U.S. Insurance ETF has a 12 month low of $119.23 and a 12 month high of $139.08. The business has a 50 day simple moving average of $132.23 and a 200-day simple moving average of $131.67. The stock has a market capitalization of $641.86 million, a PE 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.