WESPAC Advisors LLC boosted its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK – Free Report) by 20.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,828 shares of the company’s stock after purchasing an additional 1,850 shares during the quarter. iShares U.S. Insurance ETF comprises approximately 1.0% of WESPAC Advisors LLC’s holdings, making the stock its 26th largest holding. WESPAC Advisors LLC owned 0.20% of iShares U.S. Insurance ETF worth $1,397,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of iShares U.S. Insurance ETF in the second quarter worth about $27,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of iShares U.S. Insurance ETF during the 3rd quarter worth approximately $180,000. Larson Financial Group LLC boosted its position in shares of iShares U.S. Insurance ETF by 5.5% during the 2nd quarter. Larson Financial Group LLC now owns 1,661 shares of the company’s stock valued at $188,000 after acquiring an additional 86 shares during the last quarter. Raymond James Trust N.A. purchased a new position in shares of iShares U.S. Insurance ETF in the third quarter valued at $222,000. Finally, Legacy Capital Group California Inc. bought a new stake in iShares U.S. Insurance ETF in the third quarter worth $238,000.
iShares U.S. Insurance ETF Stock Up 0.8 %
iShares U.S. Insurance ETF stock opened at $136.03 on Friday. iShares U.S. Insurance ETF has a 52-week low of $97.60 and a 52-week high of $136.18. The company has a market cap of $754.97 million, a price-to-earnings ratio of 17.19 and a beta of 0.40. The firm’s fifty day moving average is $130.14 and its 200 day moving average is $122.18.
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.
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