Miracle Mile Advisors LLC Purchases Shares of 61,038 iShares U.S. Insurance ETF (NYSEARCA:IAK)

Miracle Mile Advisors LLC acquired a new position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 61,038 shares of the company’s stock, valued at approximately $7,720,000. Miracle Mile Advisors LLC owned about 1.10% of iShares U.S. Insurance ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cadent Capital Advisors LLC raised its holdings in shares of iShares U.S. Insurance ETF by 1.3% in the fourth quarter. Cadent Capital Advisors LLC now owns 39,408 shares of the company’s stock worth $4,984,000 after acquiring an additional 493 shares during the last quarter. Winthrop Advisory Group LLC raised its stake in iShares U.S. Insurance ETF by 22.2% in the 4th quarter. Winthrop Advisory Group LLC now owns 3,066 shares of the company’s stock valued at $388,000 after purchasing an additional 556 shares during the last quarter. Sanctuary Advisors LLC raised its stake in iShares U.S. Insurance ETF by 30.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 5,412 shares of the company’s stock valued at $736,000 after purchasing an additional 1,274 shares during the last quarter. Fulcrum Equity Management purchased a new position in iShares U.S. Insurance ETF in the 3rd quarter valued at about $1,138,000. Finally, Tudor Financial Inc. acquired a new stake in shares of iShares U.S. Insurance ETF during the 3rd quarter worth about $3,074,000.

iShares U.S. Insurance ETF Stock Up 0.8 %

Shares of NYSEARCA:IAK traded up $1.02 during trading on Monday, reaching $122.87. The stock had a trading volume of 152,477 shares, compared to its average volume of 91,011. The stock has a market cap of $681.93 million, a P/E ratio of 17.19 and a beta of 0.40. The business has a fifty day moving average price of $130.16 and a 200-day moving average price of $125.79. iShares U.S. Insurance ETF has a fifty-two week low of $101.85 and a fifty-two week high of $139.08.

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.