Ashton Thomas Private Wealth LLC Makes New Investment in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Ashton Thomas Private Wealth LLC bought a new position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,346 shares of the company’s stock, valued at approximately $423,000. Ashton Thomas Private Wealth LLC owned about 0.06% of iShares U.S. Insurance ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IAK. AdvisorNet Financial Inc increased its stake in iShares U.S. Insurance ETF by 21.0% during the fourth quarter. AdvisorNet Financial Inc now owns 962 shares of the company’s stock worth $122,000 after acquiring an additional 167 shares during the last quarter. Spire Wealth Management boosted its position in shares of iShares U.S. Insurance ETF by 16.7% during the fourth quarter. Spire Wealth Management now owns 1,735 shares of the company’s stock worth $219,000 after buying an additional 248 shares during the period. Raymond James Trust N.A. purchased a new position in shares of iShares U.S. Insurance ETF during the third quarter worth $222,000. Larson Financial Group LLC boosted its position in shares of iShares U.S. Insurance ETF by 6.3% during the third quarter. Larson Financial Group LLC now owns 1,766 shares of the company’s stock worth $228,000 after buying an additional 105 shares during the period. Finally, L.M. Kohn & Company purchased a new position in shares of iShares U.S. Insurance ETF during the third quarter worth $250,000.

iShares U.S. Insurance ETF Stock Down 0.7 %

IAK opened at $133.36 on Tuesday. iShares U.S. Insurance ETF has a 52 week low of $109.09 and a 52 week high of $139.08. The business has a fifty day simple moving average of $128.79 and a 200-day simple moving average of $129.37. The firm has a market cap of $740.15 million, a P/E ratio of 12.99 and a beta of 0.80.

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.