iShares U.S. Insurance ETF $IAK is GGM Financials LLC’s 5th Largest Position

GGM Financials LLC lifted its holdings in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 12.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,228 shares of the company’s stock after acquiring an additional 7,665 shares during the period. iShares U.S. Insurance ETF accounts for approximately 4.8% of GGM Financials LLC’s investment portfolio, making the stock its 5th biggest holding. GGM Financials LLC owned approximately 1.45% of iShares U.S. Insurance ETF worth $9,547,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Access Financial Services Inc. acquired a new stake in iShares U.S. Insurance ETF during the third quarter worth approximately $814,000. Adapt Wealth Advisors LLC boosted its holdings in shares of 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 valued at $8,628,000 after buying an additional 2,061 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of iShares U.S. Insurance ETF by 910.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 93,380 shares of the company’s stock valued at $12,516,000 after buying an additional 84,134 shares during the last quarter. SG Americas Securities LLC acquired a new stake in iShares U.S. Insurance ETF during the 2nd quarter worth $253,000. Finally, Flow Traders U.S. LLC acquired a new stake in iShares U.S. Insurance ETF during the 2nd quarter worth $671,000.

iShares U.S. Insurance ETF Price Performance

NYSEARCA IAK opened at $135.02 on Wednesday. The company has a fifty day moving average of $134.40 and a two-hundred day moving average of $132.80. The company has a market capitalization of $432.06 million, a PE ratio of 14.11 and a beta of 0.65. iShares U.S. Insurance ETF has a 1 year low of $119.23 and a 1 year high of $138.99.

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.