Muirfield Wealth Advisors LLC Reduces Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Muirfield Wealth Advisors LLC trimmed its holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,136 shares of the company’s stock after selling 503 shares during the quarter. Muirfield Wealth Advisors LLC owned approximately 0.13% of iShares U.S. Insurance ETF worth $902,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IAK. Fiduciary Planning LLC boosted its stake in shares of iShares U.S. Insurance ETF by 9.0% during the fourth quarter. Fiduciary Planning LLC now owns 53,142 shares of the company’s stock valued at $6,721,000 after purchasing an additional 4,400 shares during the period. Spire Wealth Management lifted its holdings in iShares U.S. Insurance ETF by 16.7% during the 4th quarter. Spire Wealth Management now owns 1,735 shares of the company’s stock valued at $219,000 after buying an additional 248 shares in the last quarter. Genesee Capital Advisors LLC boosted its position in iShares U.S. Insurance ETF by 3.7% in the 4th quarter. Genesee Capital Advisors LLC now owns 9,554 shares of the company’s stock valued at $1,208,000 after buying an additional 342 shares during the period. Kingswood Wealth Advisors LLC grew its stake in iShares U.S. Insurance ETF by 4.1% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 4,701 shares of the company’s stock worth $595,000 after acquiring an additional 186 shares in the last quarter. Finally, Cottonwood Capital Advisors LLC increased its position in shares of iShares U.S. Insurance ETF by 11.5% during the fourth quarter. Cottonwood Capital Advisors LLC now owns 20,899 shares of the company’s stock worth $2,643,000 after acquiring an additional 2,151 shares during the period.

iShares U.S. Insurance ETF Stock Performance

Shares of NYSEARCA IAK opened at $128.87 on Monday. The stock has a 50 day moving average price of $128.98 and a 200 day moving average price of $127.25. The firm has a market capitalization of $715.23 million, a price-to-earnings ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a 52-week low of $104.00 and a 52-week high of $139.08.

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.