PFG Advisors Buys New Stake in iShares U.S. Insurance ETF $IAK

PFG Advisors purchased a new stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) during the third quarter, according to its most recent filing with the SEC. The fund purchased 13,405 shares of the company’s stock, valued at approximately $1,797,000.

Other hedge funds have also bought and sold shares of the company. Access Financial Services Inc. purchased a new position in iShares U.S. Insurance ETF during the 3rd quarter valued at approximately $814,000. Adapt Wealth Advisors LLC increased its stake in iShares U.S. Insurance ETF by 3.3% in the 2nd quarter. Adapt Wealth Advisors LLC now owns 64,165 shares of the company’s stock worth $8,628,000 after acquiring an additional 2,061 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of iShares U.S. Insurance ETF by 910.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 93,380 shares of the company’s stock worth $12,516,000 after acquiring an additional 84,134 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of iShares U.S. Insurance ETF during the 2nd quarter worth approximately $253,000. Finally, Flow Traders U.S. LLC bought a new position in shares of iShares U.S. Insurance ETF during the 2nd quarter valued at approximately $671,000.

iShares U.S. Insurance ETF Stock Performance

IAK stock opened at $132.20 on Wednesday. The firm has a fifty day moving average price of $134.03 and a 200 day moving average price of $133.04. iShares U.S. Insurance ETF has a fifty-two week low of $119.23 and a fifty-two week high of $138.99. The firm has a market cap of $423.04 million, a PE ratio of 14.11 and a beta of 0.65.

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.