AlphaCore Capital LLC Purchases New Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

AlphaCore Capital LLC acquired a new position in iShares U.S. Insurance ETF (NYSEARCA:IAK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,158 shares of the company’s stock, valued at approximately $278,000.

A number of other large investors have also recently made changes to their positions in the business. Citigroup Inc. bought a new stake in iShares U.S. Insurance ETF in the first quarter valued at $28,000. Laffer Tengler Investments purchased a new stake in iShares U.S. Insurance ETF in the first quarter worth about $29,000. Coastal Investment Advisors Inc. bought a new stake in iShares U.S. Insurance ETF during the 2nd quarter valued at approximately $30,000. Tower Research Capital LLC TRC purchased a new position in shares of iShares U.S. Insurance ETF during the 1st quarter worth approximately $54,000. Finally, Bank of Montreal Can bought a new position in shares of iShares U.S. Insurance ETF in the 2nd quarter worth approximately $59,000.

iShares U.S. Insurance ETF Trading Up 0.6 %

Shares of iShares U.S. Insurance ETF stock opened at $96.48 on Wednesday. iShares U.S. Insurance ETF has a 12 month low of $80.39 and a 12 month high of $97.33. The firm has a market capitalization of $390.74 million, a P/E ratio of 13.59 and a beta of 0.83. The business has a fifty day simple moving average of $93.46 and a two-hundred day simple moving average of $89.97.

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.