Stonebridge Financial Planning Group LLC Raises Stock Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Stonebridge Financial Planning Group LLC boosted its position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,601 shares of the company’s stock after purchasing an additional 973 shares during the period. Stonebridge Financial Planning Group LLC owned approximately 0.30% of iShares U.S. Insurance ETF worth $2,099,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Harbour Investments Inc. purchased a new position in iShares U.S. Insurance ETF during the fourth quarter worth about $25,000. Redwood Park Advisors LLC purchased a new position in iShares U.S. Insurance ETF during the fourth quarter worth about $44,000. Aptus Capital Advisors LLC purchased a new position in iShares U.S. Insurance ETF during the fourth quarter worth about $54,000. Russell Investments Group Ltd. raised its stake in iShares U.S. Insurance ETF by 325.4% during the fourth quarter. Russell Investments Group Ltd. now owns 889 shares of the company’s stock worth $112,000 after purchasing an additional 680 shares during the period. Finally, Spire Wealth Management raised its stake in 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 purchasing an additional 248 shares during the period.

iShares U.S. Insurance ETF Price Performance

Shares of IAK stock opened at $132.99 on Friday. The firm’s 50-day moving average is $132.62 and its two-hundred day moving average is $131.02. iShares U.S. Insurance ETF has a 12 month low of $110.92 and a 12 month high of $139.08. The company has a market capitalization of $817.89 million, a PE ratio of 13.69 and a beta of 0.69.

iShares U.S. Insurance ETF 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.