Muirfield Wealth Advisors LLC Lowers Stake in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Muirfield Wealth Advisors LLC cut its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,136 shares of the company’s stock after selling 503 shares during the quarter. Muirfield Wealth Advisors LLC’s holdings in iShares U.S. Insurance ETF were worth $902,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Truist Financial Corp acquired a new position in iShares U.S. Insurance ETF during the 2nd quarter valued at about $464,000. Sanctuary Advisors LLC purchased a new stake in iShares U.S. Insurance ETF in the second quarter valued at approximately $460,000. Brookstone Capital Management purchased a new stake in shares of iShares U.S. Insurance ETF in the 3rd quarter valued at $388,000. Genesee Capital Advisors LLC increased its stake in shares of iShares U.S. Insurance ETF by 22.9% in the third quarter. Genesee Capital Advisors LLC now owns 9,212 shares of the company’s stock worth $1,189,000 after acquiring an additional 1,715 shares during the period. Finally, WT Wealth Management lifted its position in iShares U.S. Insurance ETF by 21.9% during the third quarter. WT Wealth Management now owns 26,001 shares of the company’s stock valued at $3,466,000 after purchasing an additional 4,671 shares during the period.

iShares U.S. Insurance ETF Stock Performance

Shares of IAK opened at $128.87 on Monday. The company has a market capitalization of $715.23 million, a P/E ratio of 17.19 and a beta of 0.40. The business’s 50-day moving average is $128.98 and its two-hundred day moving average is $127.25. iShares U.S. Insurance ETF has a fifty-two week low of $104.00 and a fifty-two week high of $139.08.

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.