M3 Wealth Management LLC acquired a new stake in iShares U.S. Insurance ETF (NYSEARCA:IAK – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,798 shares of the company’s stock, valued at approximately $926,000. M3 Wealth Management LLC owned approximately 0.21% of iShares U.S. Insurance ETF at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. MAI Capital Management acquired a new stake in shares of iShares U.S. Insurance ETF in the 3rd quarter valued at $31,000. International Assets Investment Management LLC acquired a new stake in shares of iShares U.S. Insurance ETF in the 4th quarter valued at $31,000. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares U.S. Insurance ETF in the 4th quarter valued at $34,000. National Bank of Canada FI raised its holdings in shares of iShares U.S. Insurance ETF by 61.5% in the 3rd quarter. National Bank of Canada FI now owns 260 shares of the company’s stock valued at $35,000 after purchasing an additional 99 shares in the last quarter. Finally, Aptus Capital Advisors LLC acquired a new stake in shares of iShares U.S. Insurance ETF in the 3rd quarter valued at $59,000.
iShares U.S. Insurance ETF Trading Down 0.6%
Shares of IAK opened at $133.36 on Wednesday. iShares U.S. Insurance ETF has a twelve month low of $124.62 and a twelve month high of $138.66. The firm’s fifty day simple moving average is $130.91 and its 200-day simple moving average is $132.95. The firm has a market capitalization of $373.41 million, a price-to-earnings ratio of 14.11 and a beta of 0.54.
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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