Moors & Cabot Inc. Takes Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Moors & Cabot Inc. bought a new position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 3,081 shares of the company’s stock, valued at approximately $348,000. Moors & Cabot Inc. owned about 0.06% of iShares U.S. Insurance ETF at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Leuthold Group LLC lifted its stake in shares of iShares U.S. Insurance ETF by 87.4% during the first quarter. Leuthold Group LLC now owns 16,968 shares of the company’s stock worth $1,992,000 after buying an additional 7,914 shares during the period. Brookstone Capital Management grew its stake in iShares U.S. Insurance ETF by 12.0% during the 1st quarter. Brookstone Capital Management now owns 2,876 shares of the company’s stock valued at $338,000 after purchasing an additional 308 shares during the last quarter. Chicago Wealth Management Inc. increased its holdings in shares of iShares U.S. Insurance ETF by 2.2% in the fourth quarter. Chicago Wealth Management Inc. now owns 31,387 shares of the company’s stock valued at $3,143,000 after purchasing an additional 680 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of iShares U.S. Insurance ETF by 19.7% in the first quarter. Janney Montgomery Scott LLC now owns 23,475 shares of the company’s stock worth $2,756,000 after purchasing an additional 3,864 shares during the last quarter. Finally, Muirfield Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Insurance ETF during the fourth quarter worth about $909,000.

iShares U.S. Insurance ETF Stock Up 0.1 %

Shares of NYSEARCA IAK opened at $129.71 on Friday. iShares U.S. Insurance ETF has a 52 week low of $89.21 and a 52 week high of $130.34. The firm has a market cap of $719.89 million, a P/E ratio of 17.19 and a beta of 0.40. The business’s 50 day moving average price is $122.66 and its 200 day moving average price is $117.09.

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.