Northwestern Mutual Wealth Management Co. Acquires 16,080 Shares of iShares U.S. Insurance ETF (NYSEARCA:IAK)

Northwestern Mutual Wealth Management Co. raised its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 2,141.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 16,831 shares of the company’s stock after acquiring an additional 16,080 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares U.S. Insurance ETF were worth $1,901,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Chicago Wealth Management Inc. boosted its stake in iShares U.S. Insurance ETF by 2.8% in the 2nd quarter. Chicago Wealth Management Inc. now owns 32,184 shares of the company’s stock worth $3,634,000 after purchasing an additional 876 shares during the period. Delos Wealth Advisors LLC bought a new position in shares of iShares U.S. Insurance ETF during the second quarter worth about $448,000. Moors & Cabot Inc. acquired a new stake in iShares U.S. Insurance ETF in the 2nd quarter valued at approximately $348,000. Spectrum Wealth Counsel LLC lifted its stake in iShares U.S. Insurance ETF by 12,119.3% in the 2nd 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 in the last quarter. Finally, PFG Advisors boosted its position in iShares U.S. Insurance ETF by 58.8% during the 2nd quarter. PFG Advisors now owns 13,440 shares of the company’s stock worth $1,518,000 after acquiring an additional 4,977 shares during the last quarter.

iShares U.S. Insurance ETF Stock Up 1.9 %

NYSEARCA IAK opened at $130.87 on Friday. iShares U.S. Insurance ETF has a 12-month low of $90.60 and a 12-month high of $131.11. The firm’s 50 day moving average is $124.98 and its 200-day moving average is $118.20. The company has a market capitalization of $726.33 million, a PE 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.