Spectrum Wealth Counsel LLC Grows Stock Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Spectrum Wealth Counsel LLC boosted its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,232 shares of the company’s stock after acquiring an additional 604 shares during the quarter. Spectrum Wealth Counsel LLC’s holdings in iShares U.S. Insurance ETF were worth $7,491,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IAK. AdvisorNet Financial Inc boosted its holdings in iShares U.S. Insurance ETF by 21.0% in the 4th quarter. AdvisorNet Financial Inc now owns 962 shares of the company’s stock worth $122,000 after acquiring an additional 167 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in iShares U.S. Insurance ETF in the 3rd quarter worth approximately $180,000. Spire Wealth Management boosted its holdings in iShares U.S. Insurance ETF by 16.7% in the 4th quarter. Spire Wealth Management now owns 1,735 shares of the company’s stock worth $219,000 after acquiring an additional 248 shares during the period. Raymond James Trust N.A. purchased a new position in iShares U.S. Insurance ETF in the 3rd quarter worth approximately $222,000. Finally, Larson Financial Group LLC boosted its stake in shares of iShares U.S. Insurance ETF by 6.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,766 shares of the company’s stock valued at $228,000 after buying an additional 105 shares during the last quarter.

iShares U.S. Insurance ETF Trading Up 1.6 %

iShares U.S. Insurance ETF stock opened at $136.04 on Friday. The stock has a market cap of $755.02 million, a P/E ratio of 17.19 and a beta of 0.40. The stock has a 50 day moving average of $127.82 and a 200-day moving average of $128.76. iShares U.S. Insurance ETF has a 52 week low of $109.09 and a 52 week high of $139.08.

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.