WT Wealth Management Raises Stock Holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK)

WT Wealth Management increased its holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 21.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,001 shares of the company’s stock after acquiring an additional 4,671 shares during the quarter. WT Wealth Management’s holdings in iShares U.S. Insurance ETF were worth $3,466,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IAK. Leuthold Group LLC lifted its position in iShares U.S. Insurance ETF by 87.4% during the 1st quarter. Leuthold Group LLC now owns 16,968 shares of the company’s stock worth $1,992,000 after acquiring an additional 7,914 shares during the period. Brookstone Capital Management lifted its holdings in shares of iShares U.S. Insurance ETF by 12.0% during the first quarter. Brookstone Capital Management now owns 2,876 shares of the company’s stock worth $338,000 after purchasing an additional 308 shares during the period. Janney Montgomery Scott LLC grew its position in iShares U.S. Insurance ETF by 19.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 23,475 shares of the company’s stock valued at $2,756,000 after buying an additional 3,864 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in iShares U.S. Insurance ETF in the 2nd quarter valued at $460,000. Finally, GSA Capital Partners LLP raised its position in iShares U.S. Insurance ETF by 45.8% during the 1st quarter. GSA Capital Partners LLP now owns 6,412 shares of the company’s stock worth $753,000 after buying an additional 2,014 shares during the last quarter.

iShares U.S. Insurance ETF Price Performance

Shares of IAK stock traded down $0.90 during mid-day trading on Tuesday, hitting $130.94. The stock had a trading volume of 37,774 shares, compared to its average volume of 72,620. iShares U.S. Insurance ETF has a fifty-two week low of $90.92 and a fifty-two week high of $133.82. The company’s 50-day simple moving average is $127.66 and its 200-day simple moving average is $119.34. The firm has a market cap of $726.72 million, a PE 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.