Silverlake Wealth Management LLC Increases Holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Silverlake Wealth Management LLC lifted its position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,648 shares of the company’s stock after acquiring an additional 412 shares during the quarter. Silverlake Wealth Management LLC owned 0.12% of iShares U.S. Insurance ETF worth $841,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc boosted its stake in shares of iShares U.S. Insurance ETF by 21.0% during the 4th quarter. AdvisorNet Financial Inc now owns 962 shares of the company’s stock worth $122,000 after acquiring an additional 167 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of iShares U.S. Insurance ETF during the 3rd quarter worth approximately $180,000. Raymond James Trust N.A. purchased a new stake in shares of iShares U.S. Insurance ETF during the 3rd quarter worth approximately $222,000. Spire Wealth Management boosted its stake in shares of 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 worth $219,000 after acquiring an additional 248 shares in the last quarter. 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 worth $228,000 after acquiring an additional 105 shares in the last quarter.

iShares U.S. Insurance ETF Stock Performance

Shares of NYSEARCA:IAK opened at $128.57 on Wednesday. The business’s fifty day moving average price is $128.64 and its two-hundred day moving average price is $127.39. The stock has a market cap of $713.56 million, a PE ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a one year low of $105.80 and a one year high of $139.08.

iShares U.S. Insurance ETF Company 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.