Mirae Asset Global Investments Co. Ltd. Makes New Investment in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Mirae Asset Global Investments Co. Ltd. bought a new stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,400 shares of the company’s stock, valued at approximately $180,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IAK. Larson Financial Group LLC grew its position in iShares U.S. Insurance ETF by 5.5% in the 2nd quarter. Larson Financial Group LLC now owns 1,661 shares of the company’s stock worth $188,000 after purchasing an additional 86 shares in the last quarter. Muirfield Wealth Advisors LLC increased its position in shares of iShares U.S. Insurance ETF by 2.5% during the second quarter. Muirfield Wealth Advisors LLC now owns 8,341 shares of the company’s stock valued at $942,000 after acquiring an additional 207 shares during the last quarter. International Assets Investment Management LLC bought a new stake in iShares U.S. Insurance ETF during the second quarter worth $27,000. Raymond James & Associates boosted its position in iShares U.S. Insurance ETF by 1.9% in the second quarter. Raymond James & Associates now owns 20,711 shares of the company’s stock worth $2,339,000 after purchasing an additional 387 shares during the last quarter. Finally, Legend Financial Advisors Inc. grew its stake in iShares U.S. Insurance ETF by 0.7% in the 2nd quarter. Legend Financial Advisors Inc. now owns 55,741 shares of the company’s stock valued at $6,294,000 after purchasing an additional 406 shares during the period.

iShares U.S. Insurance ETF Price Performance

Shares of iShares U.S. Insurance ETF stock opened at $125.40 on Monday. The firm has a market cap of $695.97 million, a PE ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a 1 year low of $94.45 and a 1 year high of $133.82. The stock has a fifty day moving average price of $128.83 and a 200-day moving average price of $120.29.

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.