Sonata Capital Group Inc. Buys 250 Shares of iShares U.S. Insurance ETF (NYSEARCA:IAK)

Sonata Capital Group Inc. grew its stake in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,000 shares of the company’s stock after buying an additional 250 shares during the period. Sonata Capital Group Inc. owned 0.07% of iShares U.S. Insurance ETF worth $506,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in IAK. Winthrop Advisory Group LLC lifted its holdings in iShares U.S. Insurance ETF by 4.1% during the third quarter. Winthrop Advisory Group LLC now owns 2,510 shares of the company’s stock valued at $324,000 after purchasing an additional 100 shares in the last quarter. Larson Financial Group LLC raised its position 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 purchasing an additional 105 shares during the period. AdvisorNet Financial Inc raised its position 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 valued at $122,000 after purchasing an additional 167 shares during the period. Kingswood Wealth Advisors LLC lifted its stake in shares of iShares U.S. Insurance ETF by 4.1% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 4,701 shares of the company’s stock valued at $595,000 after buying an additional 186 shares in the last quarter. Finally, KKM Financial LLC boosted its holdings in iShares U.S. Insurance ETF by 2.2% in the 3rd quarter. KKM Financial LLC now owns 9,148 shares of the company’s stock worth $1,181,000 after buying an additional 197 shares during the period.

iShares U.S. Insurance ETF Stock Performance

Shares of IAK stock opened at $128.90 on Wednesday. The stock has a fifty day simple moving average of $127.83 and a two-hundred day simple moving average of $127.79. The firm has a market capitalization of $715.40 million, a PE ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a 52-week low of $106.60 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.