Cottonwood Capital Advisors LLC Grows Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Cottonwood Capital Advisors LLC boosted its stake in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,899 shares of the company’s stock after purchasing an additional 2,151 shares during the period. iShares U.S. Insurance ETF makes up approximately 1.9% of Cottonwood Capital Advisors LLC’s portfolio, making the stock its 16th biggest holding. Cottonwood Capital Advisors LLC owned approximately 0.38% of iShares U.S. Insurance ETF worth $2,643,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. RFG Advisory LLC increased its position in shares of iShares U.S. Insurance ETF by 799.5% in the fourth quarter. RFG Advisory LLC now owns 16,497 shares of the company’s stock worth $2,086,000 after acquiring an additional 14,663 shares in the last quarter. Tudor Financial Inc. increased its holdings in iShares U.S. Insurance ETF by 2.9% in the 4th quarter. Tudor Financial Inc. now owns 24,505 shares of the company’s stock valued at $3,099,000 after purchasing an additional 685 shares in the last quarter. Financial Management Professionals Inc. raised its position in iShares U.S. Insurance ETF by 36.9% in the fourth quarter. Financial Management Professionals Inc. now owns 7,899 shares of the company’s stock valued at $999,000 after purchasing an additional 2,128 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of iShares U.S. Insurance ETF by 21.0% during the fourth quarter. AdvisorNet Financial Inc now owns 962 shares of the company’s stock worth $122,000 after purchasing an additional 167 shares in the last quarter. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of iShares U.S. Insurance ETF in the fourth quarter worth about $7,720,000.

iShares U.S. Insurance ETF Stock Performance

IAK stock opened at $126.60 on Friday. The stock has a 50-day simple moving average of $129.40 and a 200-day simple moving average of $126.64. The firm has a market cap of $702.63 million, a P/E ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a 1 year low of $104.00 and a 1 year high of $139.08.

iShares U.S. Insurance ETF Company 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.