GGM Financials LLC Takes Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

GGM Financials LLC bought a new position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 62,290 shares of the company’s stock, valued at approximately $7,878,000. iShares U.S. Insurance ETF accounts for about 8.4% of GGM Financials LLC’s holdings, making the stock its 4th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC grew its stake in shares of iShares U.S. Insurance ETF by 121.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 8,781 shares of the company’s stock worth $1,111,000 after acquiring an additional 4,819 shares in the last quarter. Silverlake Wealth Management LLC grew its stake in iShares U.S. Insurance ETF by 6.6% during the 4th quarter. Silverlake Wealth Management LLC now owns 6,648 shares of the company’s stock worth $841,000 after purchasing an additional 412 shares in the last quarter. WESPAC Advisors SoCal LLC increased its holdings in iShares U.S. Insurance ETF by 38.8% during the 4th quarter. WESPAC Advisors SoCal LLC now owns 70,103 shares of the company’s stock worth $8,866,000 after purchasing an additional 19,580 shares during the period. Fiduciary Planning LLC raised its position in iShares U.S. Insurance ETF by 9.0% in the 4th quarter. Fiduciary Planning LLC now owns 53,142 shares of the company’s stock valued at $6,721,000 after purchasing an additional 4,400 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in shares of iShares U.S. Insurance ETF by 16.7% in the 4th quarter. Spire Wealth Management now owns 1,735 shares of the company’s stock valued at $219,000 after buying an additional 248 shares during the period.

iShares U.S. Insurance ETF Stock Performance

Shares of iShares U.S. Insurance ETF stock opened at $129.40 on Monday. The business has a 50-day simple moving average of $128.12 and a 200-day simple moving average of $127.63. The company has a market cap of $718.17 million, a PE ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a one year low of $106.07 and a one year high of $139.08.

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.