Commonwealth Equity Services LLC Boosts Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Commonwealth Equity Services LLC lifted its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,051 shares of the company’s stock after purchasing an additional 104 shares during the quarter. Commonwealth Equity Services LLC’s holdings in iShares U.S. Insurance ETF were worth $639,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IAK. Avantax Advisory Services Inc. grew its holdings in shares of iShares U.S. Insurance ETF by 392.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 14,679 shares of the company’s stock worth $1,856,000 after purchasing an additional 11,698 shares during the period. Essential Planning LLC. purchased a new position in iShares U.S. Insurance ETF during the fourth quarter worth about $1,653,000. Hollencrest Capital Management acquired a new stake in shares of iShares U.S. Insurance ETF during the fourth quarter valued at about $4,557,000. PFG Advisors raised its stake in shares of iShares U.S. Insurance ETF by 16.7% in the 4th quarter. PFG Advisors now owns 12,171 shares of the company’s stock valued at $1,539,000 after acquiring an additional 1,739 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in shares of iShares U.S. Insurance ETF in the 4th quarter worth approximately $4,554,000.

iShares U.S. Insurance ETF Trading Down 1.4 %

Shares of NYSEARCA IAK opened at $136.51 on Friday. The stock has a fifty day simple moving average of $132.42 and a 200-day simple moving average of $130.57. iShares U.S. Insurance ETF has a twelve month low of $109.09 and a twelve month high of $139.08. The stock has a market capitalization of $798.58 million, a PE ratio of 12.85 and a beta of 0.80.

iShares U.S. Insurance ETF Company 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.