Cetera Investment Advisers Grows Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Cetera Investment Advisers increased its position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 27.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,423 shares of the company’s stock after buying an additional 1,613 shares during the quarter. Cetera Investment Advisers’ holdings in iShares U.S. Insurance ETF were worth $1,023,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in IAK. Avantax Advisory Services Inc. grew its stake in shares of iShares U.S. Insurance ETF by 15.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 16,972 shares of the company’s stock valued at $2,339,000 after purchasing an additional 2,293 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of iShares U.S. Insurance ETF by 6.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 9,337 shares of the company’s stock valued at $1,287,000 after purchasing an additional 556 shares during the last quarter. Adapt Wealth Advisors LLC grew its stake in shares of iShares U.S. Insurance ETF by 8.2% in the 1st quarter. Adapt Wealth Advisors LLC now owns 62,104 shares of the company’s stock valued at $8,558,000 after purchasing an additional 4,720 shares during the last quarter. Interchange Capital Partners LLC purchased a new position in shares of iShares U.S. Insurance ETF in the 1st quarter valued at approximately $297,000. Finally, Jackson Wealth Management LLC purchased a new position in shares of iShares U.S. Insurance ETF in the 1st quarter valued at approximately $5,020,000.

iShares U.S. Insurance ETF Trading Up 0.3%

Shares of IAK stock opened at $129.63 on Wednesday. The business’s 50 day moving average is $130.65 and its two-hundred day moving average is $131.71. iShares U.S. Insurance ETF has a twelve month low of $117.12 and a twelve month high of $139.08. The company has a market capitalization of $738.89 million, a P/E ratio of 14.11 and a beta of 0.83.

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.