Sunbelt Securities Inc. Acquires 2,059 Shares of iShares U.S. Insurance ETF (NYSEARCA:IAK)

Sunbelt Securities Inc. increased its position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 257.7% in the second quarter, Holdings Channel reports. The institutional investor owned 2,858 shares of the company’s stock after buying an additional 2,059 shares during the period. Sunbelt Securities Inc.’s holdings in iShares U.S. Insurance ETF were worth $323,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Osaic Holdings Inc. grew its holdings in shares of iShares U.S. Insurance ETF by 6.2% during the first quarter. Osaic Holdings Inc. now owns 173,135 shares of the company’s stock worth $20,311,000 after buying an additional 10,148 shares in the last quarter. Stifel Financial Corp grew its stake 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 valued at $13,432,000 after purchasing an additional 13,240 shares in the last quarter. Fortis Group Advisors LLC grew its stake in iShares U.S. Insurance ETF by 16.1% in the second quarter. Fortis Group Advisors LLC now owns 64,687 shares of the company’s stock valued at $7,304,000 after purchasing an additional 8,980 shares in the last quarter. Legend Financial Advisors Inc. increased its position in shares of iShares U.S. Insurance ETF by 0.7% during the 2nd quarter. Legend Financial Advisors Inc. now owns 55,741 shares of the company’s stock worth $6,294,000 after purchasing an additional 406 shares during the last quarter. Finally, Spectrum Wealth Counsel LLC raised its stake in shares of iShares U.S. Insurance ETF by 12,119.3% during the 2nd quarter. Spectrum Wealth Counsel LLC now owns 53,765 shares of the company’s stock worth $6,071,000 after purchasing an additional 53,325 shares in the last quarter.

iShares U.S. Insurance ETF Stock Up 0.0 %

Shares of iShares U.S. Insurance ETF stock opened at $129.38 on Thursday. iShares U.S. Insurance ETF has a 12-month low of $89.21 and a 12-month high of $130.55. The stock has a market cap of $718.06 million, a P/E ratio of 17.19 and a beta of 0.40. The business’s 50 day moving average is $124.24 and its 200-day moving average is $117.94.

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.