Commonwealth Equity Services LLC raised its holdings in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK – Free Report) by 910.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,380 shares of the company’s stock after purchasing an additional 84,134 shares during the period. Commonwealth Equity Services LLC owned 1.87% of iShares U.S. Insurance ETF worth $12,516,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in IAK. Trust Co. of Vermont purchased a new stake in shares of iShares U.S. Insurance ETF in the 3rd quarter worth approximately $34,000. Financial Consulate Inc. purchased a new position in iShares U.S. Insurance ETF during the third quarter valued at $35,000. Realta Investment Advisors bought a new stake in iShares U.S. Insurance ETF in the second quarter worth $38,000. Ameritas Advisory Services LLC bought a new stake in iShares U.S. Insurance ETF in the second quarter worth $41,000. Finally, Farther Finance Advisors LLC grew its stake in shares of iShares U.S. Insurance ETF by 84.3% in the second quarter. Farther Finance Advisors LLC now owns 553 shares of the company’s stock worth $74,000 after acquiring an additional 253 shares during the last quarter.
iShares U.S. Insurance ETF Price Performance
Shares of NYSEARCA:IAK opened at $134.97 on Friday. The business has a fifty day moving average price of $134.13 and a 200-day moving average price of $131.97. The company has a market capitalization of $492.64 million, a PE ratio of 14.11 and a beta of 0.65. iShares U.S. Insurance ETF has a 1-year low of $119.23 and a 1-year high of $138.99.
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.
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