Tortoise Investment Management LLC Takes $34,000 Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Tortoise Investment Management LLC acquired a new stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) during the 4th quarter, Holdings Channel reports. The firm acquired 314 shares of the company’s stock, valued at approximately $34,000.

Several other large investors have also made changes to their positions in the business. Capital Analysts LLC bought a new stake in shares of iShares U.S. Insurance ETF in the fourth quarter worth about $65,000. Planned Solutions Inc. bought a new stake in shares of iShares U.S. Insurance ETF in the fourth quarter worth about $73,000. Geneos Wealth Management Inc. increased its holdings in shares of iShares U.S. Insurance ETF by 367.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 934 shares of the company’s stock worth $94,000 after purchasing an additional 734 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of iShares U.S. Insurance ETF by 13.0% in the fourth quarter. Larson Financial Group LLC now owns 1,269 shares of the company’s stock worth $127,000 after purchasing an additional 146 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC bought a new stake in shares of iShares U.S. Insurance ETF in the fourth quarter worth about $230,000.

iShares U.S. Insurance ETF Price Performance

Shares of IAK stock traded down $0.92 during trading hours on Friday, hitting $111.16. The stock had a trading volume of 254,130 shares, compared to its average volume of 75,389. iShares U.S. Insurance ETF has a one year low of $85.30 and a one year high of $117.99. The stock’s 50-day moving average price is $113.93 and its two-hundred day moving average price is $109.32. The stock has a market capitalization of $616.94 million, a price-to-earnings ratio of 17.19 and a beta of 0.40.

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.