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

WESPAC Advisors LLC boosted its position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 20.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,828 shares of the company’s stock after buying an additional 1,850 shares during the quarter. iShares U.S. Insurance ETF accounts for approximately 1.0% of WESPAC Advisors LLC’s investment portfolio, making the stock its 26th largest position. WESPAC Advisors LLC’s holdings in iShares U.S. Insurance ETF were worth $1,397,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of IAK. Spectrum Wealth Counsel LLC raised its holdings in shares of iShares U.S. Insurance ETF by 12,119.3% in the second quarter. Spectrum Wealth Counsel LLC now owns 53,765 shares of the company’s stock worth $6,071,000 after buying an additional 53,325 shares during the period. WESPAC Advisors SoCal LLC increased its stake in iShares U.S. Insurance ETF by 1,097.2% in the third quarter. WESPAC Advisors SoCal LLC now owns 50,523 shares of the company’s stock worth $6,520,000 after purchasing an additional 46,303 shares during the period. Private Advisor Group LLC lifted its position in shares of iShares U.S. Insurance ETF by 299.0% during the second quarter. Private Advisor Group LLC now owns 50,724 shares of the company’s stock worth $5,728,000 after purchasing an additional 38,012 shares during the last quarter. Silverleafe Capital Partners LLC bought a new stake in shares of iShares U.S. Insurance ETF during the second quarter worth $3,967,000. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of iShares U.S. Insurance ETF during the second quarter valued at $3,845,000.

iShares U.S. Insurance ETF Price Performance

IAK stock opened at $136.03 on Friday. iShares U.S. Insurance ETF has a 12 month low of $97.60 and a 12 month high of $136.18. The firm’s 50-day moving average is $130.14 and its 200 day moving average is $122.18. The company has a market capitalization of $754.97 million, a PE ratio of 17.19 and a beta of 0.40.

iShares U.S. Insurance ETF 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.