GGM Financials LLC boosted its holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK – Free Report) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,563 shares of the company’s stock after purchasing an additional 1,998 shares during the quarter. iShares U.S. Insurance ETF comprises 1.7% of GGM Financials LLC’s investment portfolio, making the stock its 16th largest holding. GGM Financials LLC’s holdings in iShares U.S. Insurance ETF were worth $8,547,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of IAK. Realta Investment Advisors acquired a new position in iShares U.S. Insurance ETF in the 2nd quarter valued at $38,000. Ameritas Advisory Services LLC acquired a new stake in iShares U.S. Insurance ETF in the 2nd quarter valued at about $41,000. Farther Finance Advisors LLC grew its stake in iShares U.S. Insurance ETF by 84.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 553 shares of the company’s stock valued at $74,000 after acquiring an additional 253 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in iShares U.S. Insurance ETF in the 2nd quarter valued at about $98,000. Finally, Private Trust Co. NA acquired a new stake in iShares U.S. Insurance ETF in the 1st quarter valued at about $103,000.
iShares U.S. Insurance ETF Trading Down 0.1%
Shares of NYSEARCA IAK opened at $128.10 on Tuesday. The stock has a market cap of $627.69 million, a price-to-earnings ratio of 14.11 and a beta of 0.65. iShares U.S. Insurance ETF has a 52 week low of $119.23 and a 52 week high of $139.08. The company’s 50-day moving average price is $131.95 and its 200 day moving average price is $131.76.
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.
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