Cadent Capital Advisors LLC Grows Stake in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Cadent Capital Advisors LLC increased its holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,408 shares of the company’s stock after buying an additional 493 shares during the quarter. iShares U.S. Insurance ETF accounts for about 1.7% of Cadent Capital Advisors LLC’s investment portfolio, making the stock its 17th largest position. Cadent Capital Advisors LLC owned approximately 0.71% of iShares U.S. Insurance ETF worth $4,984,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Spectrum Wealth Counsel LLC grew its position in shares of iShares U.S. Insurance ETF by 12,119.3% during the 2nd quarter. Spectrum Wealth Counsel LLC now owns 53,765 shares of the company’s stock valued at $6,071,000 after acquiring an additional 53,325 shares during the period. Moors & Cabot Inc. purchased a new stake in iShares U.S. Insurance ETF in the second quarter worth about $348,000. Delos Wealth Advisors LLC bought a new position in shares of iShares U.S. Insurance ETF in the second quarter worth about $448,000. Chicago Wealth Management Inc. lifted its position in shares of iShares U.S. Insurance ETF by 2.8% during the 2nd quarter. Chicago Wealth Management Inc. now owns 32,184 shares of the company’s stock valued at $3,634,000 after buying an additional 876 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares U.S. Insurance ETF by 2,141.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,831 shares of the company’s stock valued at $1,901,000 after acquiring an additional 16,080 shares during the period.

iShares U.S. Insurance ETF Trading Up 0.5 %

NYSEARCA IAK traded up $0.57 on Monday, reaching $122.42. 128,497 shares of the stock were exchanged, compared to its average volume of 87,364. iShares U.S. Insurance ETF has a one year low of $101.85 and a one year high of $139.08. The firm has a market capitalization of $679.43 million, a PE ratio of 17.19 and a beta of 0.40. The company’s 50-day simple moving average is $130.16 and its two-hundred day simple moving average is $125.79.

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.