WESPAC Advisors LLC Makes New Investment in iShares U.S. Insurance ETF $IAK

WESPAC Advisors LLC purchased a new position in iShares U.S. Insurance ETF (NYSEARCA:IAK) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,658 shares of the company’s stock, valued at approximately $223,000.

A number of other institutional investors have also bought and sold shares of IAK. Beacon Harbor Wealth Advisors Inc. purchased a new stake in iShares U.S. Insurance ETF in the 1st quarter worth $11,958,000. Federation des caisses Desjardins du Quebec purchased a new position in shares of iShares U.S. Insurance ETF during the first quarter valued at about $6,621,000. LPL Financial LLC grew its position in shares of iShares U.S. Insurance ETF by 37.7% during the first quarter. LPL Financial LLC now owns 159,813 shares of the company’s stock valued at $22,024,000 after purchasing an additional 43,716 shares in the last quarter. Jackson Wealth Management LLC purchased a new position in shares of iShares U.S. Insurance ETF during the first quarter valued at about $5,020,000. Finally, Jmac Enterprises LLC purchased a new position in shares of iShares U.S. Insurance ETF during the second quarter valued at about $4,242,000.

iShares U.S. Insurance ETF Stock Down 0.4%

Shares of iShares U.S. Insurance ETF stock opened at $134.94 on Thursday. The firm has a market cap of $715.18 million, a price-to-earnings ratio of 14.11 and a beta of 0.83. The business has a 50-day moving average price of $131.93 and a 200-day moving average price of $132.03. iShares U.S. Insurance ETF has a twelve month low of $119.23 and a twelve month high of $139.08.

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.