GGM Financials LLC Raises Stock Position in iShares U.S. Insurance ETF $IAK

GGM Financials LLC boosted its position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,563 shares of the company’s stock after purchasing an additional 1,998 shares during the period. iShares U.S. Insurance ETF makes up 1.7% of GGM Financials LLC’s holdings, making the stock its 16th biggest holding. GGM Financials LLC owned 1.10% of iShares U.S. Insurance ETF worth $8,547,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. LPL Financial LLC increased its position in shares of iShares U.S. Insurance ETF by 37.7% during the first quarter. LPL Financial LLC now owns 159,813 shares of the company’s stock valued at $22,024,000 after acquiring an additional 43,716 shares during the last quarter. WESPAC Advisors SoCal LLC increased its position in shares of iShares U.S. Insurance ETF by 35.9% during the second quarter. WESPAC Advisors SoCal LLC now owns 89,592 shares of the company’s stock valued at $12,047,000 after acquiring an additional 23,685 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of iShares U.S. Insurance ETF during the first quarter valued at about $11,958,000. Spectrum Wealth Counsel LLC increased its position in shares of iShares U.S. Insurance ETF by 20.8% during the first quarter. Spectrum Wealth Counsel LLC now owns 71,539 shares of the company’s stock valued at $9,859,000 after acquiring an additional 12,307 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC increased its position in shares of iShares U.S. Insurance ETF by 26.2% during the second quarter. MinichMacGregor Wealth Management LLC now owns 69,142 shares of the company’s stock valued at $9,297,000 after acquiring an additional 14,355 shares during the last quarter.

iShares U.S. Insurance ETF Price Performance

Shares of IAK opened at $128.10 on Tuesday. iShares U.S. Insurance ETF has a 1-year low of $119.23 and a 1-year high of $139.08. The stock has a market cap of $627.69 million, a PE ratio of 14.11 and a beta of 0.65. The firm has a 50-day simple moving average of $131.95 and a two-hundred day simple moving average of $131.76.

iShares U.S. Insurance ETF Company 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.