Copia Wealth Management Purchases Shares of 904 iShares U.S. Insurance ETF (NYSEARCA:IAK)

Copia Wealth Management purchased a new stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 904 shares of the company’s stock, valued at approximately $125,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MML Investors Services LLC boosted its stake in shares of iShares U.S. Insurance ETF by 3.4% in the 4th quarter. MML Investors Services LLC now owns 226,048 shares of the company’s stock valued at $28,588,000 after purchasing an additional 7,490 shares in the last quarter. SPC Financial Inc. boosted its stake in shares of iShares U.S. Insurance ETF by 0.3% in the 4th quarter. SPC Financial Inc. now owns 167,855 shares of the company’s stock valued at $21,229,000 after purchasing an additional 434 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of iShares U.S. Insurance ETF by 1.9% in the 4th quarter. Royal Bank of Canada now owns 155,233 shares of the company’s stock valued at $19,633,000 after purchasing an additional 2,905 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of iShares U.S. Insurance ETF by 13.4% in the 4th quarter. Stifel Financial Corp now owns 145,734 shares of the company’s stock valued at $18,431,000 after purchasing an additional 17,208 shares in the last quarter. Finally, Miracle Mile Advisors LLC boosted its stake in shares of iShares U.S. Insurance ETF by 84.8% in the 1st quarter. Miracle Mile Advisors LLC now owns 112,787 shares of the company’s stock valued at $15,543,000 after purchasing an additional 51,749 shares in the last quarter.

iShares U.S. Insurance ETF Stock Performance

Shares of NYSEARCA:IAK opened at $132.52 on Tuesday. iShares U.S. Insurance ETF has a 52 week low of $110.92 and a 52 week high of $139.08. The company’s fifty day moving average is $132.96 and its 200-day moving average is $131.10. The company has a market capitalization of $834.88 million, a PE ratio of 13.69 and a beta of 0.69.

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.