Chicago Wealth Management Inc. Purchases 876 Shares of iShares U.S. Insurance ETF (NYSEARCA:IAK)

Chicago Wealth Management Inc. increased its holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,184 shares of the company’s stock after acquiring an additional 876 shares during the period. iShares U.S. Insurance ETF comprises approximately 2.1% of Chicago Wealth Management Inc.’s portfolio, making the stock its 17th biggest holding. Chicago Wealth Management Inc. owned about 0.58% of iShares U.S. Insurance ETF worth $3,634,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its position in iShares U.S. Insurance ETF by 568.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 97,837 shares of the company’s stock worth $11,485,000 after purchasing an additional 83,191 shares during the last quarter. Fortis Group Advisors LLC bought a new position in iShares U.S. Insurance ETF during the first quarter valued at about $6,539,000. Spectrum Wealth Counsel LLC boosted its stake in iShares U.S. Insurance ETF by 12,119.3% in the second quarter. Spectrum Wealth Counsel LLC now owns 53,765 shares of the company’s stock valued at $6,071,000 after acquiring an additional 53,325 shares during the last quarter. Private Advisor Group LLC grew its position in shares of iShares U.S. Insurance ETF by 299.0% during the 2nd quarter. Private Advisor Group LLC now owns 50,724 shares of the company’s stock valued at $5,728,000 after acquiring an additional 38,012 shares during the period. Finally, Silverleafe Capital Partners LLC purchased a new stake in shares of iShares U.S. Insurance ETF during the 2nd quarter worth approximately $3,967,000.

iShares U.S. Insurance ETF Trading Up 0.1 %

iShares U.S. Insurance ETF stock opened at $128.79 on Friday. The business’s 50 day simple moving average is $123.76 and its 200 day simple moving average is $117.70. iShares U.S. Insurance ETF has a 12 month low of $89.21 and a 12 month high of $130.55. The company has a market cap of $714.78 million, a price-to-earnings ratio of 17.19 and a beta of 0.40.

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.