Kingswood Wealth Advisors LLC Acquires 912 Shares of iShares U.S. Insurance ETF (NYSEARCA:IAK)

Kingswood Wealth Advisors LLC grew its holdings in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 26.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,369 shares of the company’s stock after acquiring an additional 912 shares during the quarter. Kingswood Wealth Advisors LLC owned 0.08% of iShares U.S. Insurance ETF worth $493,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IAK. Leuthold Group LLC increased its position in iShares U.S. Insurance ETF by 87.4% during the 1st quarter. Leuthold Group LLC now owns 16,968 shares of the company’s stock worth $1,992,000 after purchasing an additional 7,914 shares in the last quarter. Brookstone Capital Management increased its holdings in shares of iShares U.S. Insurance ETF by 12.0% during the first quarter. Brookstone Capital Management now owns 2,876 shares of the company’s stock worth $338,000 after buying an additional 308 shares in the last quarter. Chicago Wealth Management Inc. increased its holdings in shares of iShares U.S. Insurance ETF by 2.2% during the fourth quarter. Chicago Wealth Management Inc. now owns 31,387 shares of the company’s stock worth $3,143,000 after buying an additional 680 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of iShares U.S. Insurance ETF in the 4th quarter valued at $1,319,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of iShares U.S. Insurance ETF by 19.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 23,475 shares of the company’s stock valued at $2,756,000 after acquiring an additional 3,864 shares in the last quarter.

iShares U.S. Insurance ETF Price Performance

IAK stock traded up $0.15 during midday trading on Wednesday, reaching $115.85. 46,622 shares of the stock were exchanged, compared to its average volume of 72,939. The stock has a market capitalization of $642.97 million, a PE ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a 52 week low of $88.87 and a 52 week high of $121.76. The company has a fifty day moving average price of $115.29 and a 200 day moving average price of $113.36.

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.