Kingswood Wealth Advisors LLC Has $595,000 Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Kingswood Wealth Advisors LLC boosted its holdings in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,701 shares of the company’s stock after acquiring an additional 186 shares during the period. Kingswood Wealth Advisors LLC’s holdings in iShares U.S. Insurance ETF were worth $595,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares U.S. Insurance ETF by 2,141.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,831 shares of the company’s stock worth $1,901,000 after purchasing an additional 16,080 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in iShares U.S. Insurance ETF by 257.7% during the second quarter. Sunbelt Securities Inc. now owns 2,858 shares of the company’s stock worth $323,000 after buying an additional 2,059 shares during the last quarter. Truist Financial Corp acquired a new position in shares of iShares U.S. Insurance ETF during the 2nd quarter worth about $464,000. Sanctuary Advisors LLC bought a new stake in shares of iShares U.S. Insurance ETF in the 2nd quarter valued at about $460,000. Finally, Brookstone Capital Management acquired a new stake in shares of iShares U.S. Insurance ETF in the 3rd quarter valued at approximately $388,000.

iShares U.S. Insurance ETF Stock Performance

Shares of NYSEARCA IAK opened at $129.63 on Thursday. The firm has a 50 day moving average price of $129.22 and a 200 day moving average price of $127.07. The stock has a market cap of $719.45 million, a P/E ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a 52-week low of $104.00 and a 52-week high of $139.08.

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.