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

Moors & Cabot Inc. increased its holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 18.9% in the third quarter, Holdings Channel.com reports. The firm owned 3,664 shares of the company’s stock after acquiring an additional 583 shares during the period. Moors & Cabot Inc.’s holdings in iShares U.S. Insurance ETF were worth $473,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Spectrum Wealth Counsel LLC increased 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 grew its position in iShares U.S. Insurance ETF by 1,097.2% during the 3rd quarter. WESPAC Advisors SoCal LLC now owns 50,523 shares of the company’s stock worth $6,520,000 after acquiring an additional 46,303 shares during the last quarter. Private Advisor Group LLC increased its stake in iShares U.S. Insurance ETF by 299.0% in the 2nd 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 period. Silverleafe Capital Partners LLC purchased a new position in iShares U.S. Insurance ETF in the 2nd quarter worth approximately $3,967,000. Finally, Lee Danner & Bass Inc. bought a new stake in iShares U.S. Insurance ETF in the second quarter valued at approximately $3,845,000.

iShares U.S. Insurance ETF Stock Performance

Shares of iShares U.S. Insurance ETF stock opened at $136.03 on Friday. iShares U.S. Insurance ETF has a 52-week low of $97.60 and a 52-week high of $136.18. The company’s 50 day moving average price is $129.98 and its 200-day moving average price is $122.09. The stock has a market capitalization of $754.97 million, a price-to-earnings ratio of 17.19 and a beta of 0.40.

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.