Sanctuary Advisors LLC Purchases New Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Sanctuary Advisors LLC purchased a new stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) in the second quarter, Holdings Channel reports. The firm purchased 4,138 shares of the company’s stock, valued at approximately $460,000.

A number of other large investors have also recently modified their holdings of IAK. Fortis Group Advisors LLC purchased a new stake in shares of iShares U.S. Insurance ETF in the first quarter valued at approximately $6,539,000. Spectrum Wealth Counsel LLC lifted its holdings in iShares U.S. Insurance ETF by 12,119.3% during the second quarter. Spectrum Wealth Counsel LLC now owns 53,765 shares of the company’s stock worth $6,071,000 after buying an additional 53,325 shares during the period. Private Advisor Group LLC lifted its holdings in iShares U.S. Insurance ETF by 299.0% during the second quarter. Private Advisor Group LLC now owns 50,724 shares of the company’s stock worth $5,728,000 after buying an additional 38,012 shares during the period. Silverleafe Capital Partners LLC purchased a new stake in iShares U.S. Insurance ETF during the second quarter worth $3,967,000. Finally, Lee Danner & Bass Inc. purchased a new stake in iShares U.S. Insurance ETF during the second quarter worth $3,845,000.

iShares U.S. Insurance ETF Stock Up 0.9 %

iShares U.S. Insurance ETF stock opened at $131.89 on Thursday. The business has a fifty day moving average of $126.44 and a two-hundred day moving average of $118.87. The firm has a market cap of $731.99 million, a P/E ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a twelve month low of $90.92 and a twelve month high of $132.40.

iShares U.S. Insurance ETF 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.