Fortis Group Advisors LLC Acquires 3,155 Shares of iShares U.S. Insurance ETF (NYSEARCA:IAK)

Fortis Group Advisors LLC boosted its holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 19.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,730 shares of the company’s stock after purchasing an additional 3,155 shares during the period. Fortis Group Advisors LLC owned approximately 0.36% of iShares U.S. Insurance ETF worth $2,495,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in shares of iShares U.S. Insurance ETF in the 4th quarter valued at about $1,617,000. Sonata Capital Group Inc. increased its stake in iShares U.S. Insurance ETF by 6.7% in the 4th quarter. Sonata Capital Group Inc. now owns 4,000 shares of the company’s stock worth $506,000 after purchasing an additional 250 shares during the period. GGM Financials LLC bought a new stake in iShares U.S. Insurance ETF in the fourth quarter valued at approximately $7,878,000. Kestra Private Wealth Services LLC boosted its stake in shares of iShares U.S. Insurance ETF by 121.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 8,781 shares of the company’s stock valued at $1,111,000 after purchasing an additional 4,819 shares during the period. Finally, Silverlake Wealth Management LLC grew its holdings in shares of iShares U.S. Insurance ETF by 6.6% in the fourth quarter. Silverlake Wealth Management LLC now owns 6,648 shares of the company’s stock worth $841,000 after purchasing an additional 412 shares during the last quarter.

iShares U.S. Insurance ETF Stock Down 1.0 %

Shares of NYSEARCA IAK opened at $128.23 on Tuesday. The firm’s fifty day moving average is $127.40 and its 200 day moving average is $128.05. iShares U.S. Insurance ETF has a 52 week low of $109.09 and a 52 week high of $139.08. The company has a market cap of $711.68 million, a price-to-earnings ratio of 17.19 and a beta of 0.40.

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.