WESPAC Advisors SoCal LLC Has $8.87 Million Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

WESPAC Advisors SoCal LLC grew its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 38.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,103 shares of the company’s stock after purchasing an additional 19,580 shares during the period. iShares U.S. Insurance ETF comprises approximately 2.0% of WESPAC Advisors SoCal LLC’s investment portfolio, making the stock its 20th largest position. WESPAC Advisors SoCal LLC’s holdings in iShares U.S. Insurance ETF were worth $8,866,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in IAK. Castleark Management LLC acquired a new stake in iShares U.S. Insurance ETF during the 3rd quarter worth approximately $8,010,000. Miracle Mile Advisors LLC acquired a new stake in iShares U.S. Insurance ETF during the 4th quarter worth approximately $7,720,000. International Assets Investment Management LLC boosted its position in iShares U.S. Insurance ETF by 12,831.8% during the 3rd quarter. International Assets Investment Management LLC now owns 30,907 shares of the company’s stock worth $3,989,000 after buying an additional 30,668 shares during the period. Tudor Financial Inc. acquired a new stake in iShares U.S. Insurance ETF during the 3rd quarter worth approximately $3,074,000. Finally, Great Valley Advisor Group Inc. acquired a new stake in iShares U.S. Insurance ETF during the 3rd quarter worth approximately $2,941,000.

iShares U.S. Insurance ETF Price Performance

NYSEARCA:IAK opened at $128.76 on Tuesday. The firm’s 50 day simple moving average is $128.82 and its 200 day simple moving average is $127.33. iShares U.S. Insurance ETF has a one year low of $105.80 and a one year high of $139.08. The company has a market cap of $714.62 million, a PE 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.