iShares U.S. Insurance ETF (NYSEARCA:IAK) Shares Acquired by Cottonwood Capital Advisors LLC

Cottonwood Capital Advisors LLC boosted its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,899 shares of the company’s stock after buying an additional 2,151 shares during the period. iShares U.S. Insurance ETF accounts for approximately 1.9% of Cottonwood Capital Advisors LLC’s investment portfolio, making the stock its 16th largest holding. Cottonwood Capital Advisors LLC’s holdings in iShares U.S. Insurance ETF were worth $2,643,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC increased its position in iShares U.S. Insurance ETF by 64.5% in the 3rd quarter. FMR LLC now owns 2,603 shares of the company’s stock valued at $336,000 after acquiring an additional 1,021 shares during the period. Tudor Financial Inc. grew its stake in shares of iShares U.S. Insurance ETF by 2.9% in the fourth quarter. Tudor Financial Inc. now owns 24,505 shares of the company’s stock worth $3,099,000 after purchasing an additional 685 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of iShares U.S. Insurance ETF during the second quarter valued at $460,000. KKM Financial LLC raised its stake in shares of iShares U.S. Insurance ETF by 2.2% during the third quarter. KKM Financial LLC now owns 9,148 shares of the company’s stock valued at $1,181,000 after purchasing an additional 197 shares in the last quarter. Finally, Truist Financial Corp bought a new stake in shares of iShares U.S. Insurance ETF during the second quarter valued at about $464,000.

iShares U.S. Insurance ETF Stock Up 0.1 %

Shares of IAK opened at $126.60 on Friday. The firm has a market capitalization of $702.63 million, a PE ratio of 17.19 and a beta of 0.40. The firm has a 50-day moving average price of $129.40 and a 200 day moving average price of $126.64. 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.