Kingswood Wealth Advisors LLC Boosts Stock Holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Kingswood Wealth Advisors LLC lifted its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 26.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,369 shares of the company’s stock after purchasing an additional 912 shares during the period. Kingswood Wealth Advisors LLC’s holdings in iShares U.S. Insurance ETF were worth $493,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IAK. Wells Fargo & Company MN grew its stake in iShares U.S. Insurance ETF by 7.7% in the fourth quarter. Wells Fargo & Company MN now owns 176,639 shares of the company’s stock worth $17,686,000 after purchasing an additional 12,577 shares during the period. Osaic Holdings Inc. increased its stake in iShares U.S. Insurance ETF by 6.2% during the 1st quarter. Osaic Holdings Inc. now owns 173,135 shares of the company’s stock valued at $20,311,000 after purchasing an additional 10,148 shares in the last quarter. Stifel Financial Corp raised its holdings in iShares U.S. Insurance ETF by 11.0% in the fourth quarter. Stifel Financial Corp now owns 134,142 shares of the company’s stock worth $13,432,000 after buying an additional 13,240 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of iShares U.S. Insurance ETF by 568.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 97,837 shares of the company’s stock worth $11,485,000 after buying an additional 83,191 shares in the last quarter. Finally, Fortis Group Advisors LLC purchased a new stake in shares of iShares U.S. Insurance ETF during the first quarter valued at approximately $6,539,000.

iShares U.S. Insurance ETF Stock Performance

Shares of IAK traded up $0.15 on Wednesday, hitting $115.85. 46,622 shares of the stock traded hands, compared to its average volume of 72,939. iShares U.S. Insurance ETF has a one year low of $88.87 and a one year high of $121.76. The company has a market capitalization of $642.97 million, a PE ratio of 17.19 and a beta of 0.40. The business has a 50 day simple moving average of $115.29 and a 200 day simple moving average of $113.36.

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.