Foresight Capital Management Advisors Inc. Takes Position in iShares U.S. Insurance ETF $IAK

Foresight Capital Management Advisors Inc. acquired a new position in iShares U.S. Insurance ETF (NYSEARCA:IAK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,232 shares of the company’s stock, valued at approximately $300,000.

Other hedge funds also recently bought and sold shares of the company. Realta Investment Advisors bought a new position in iShares U.S. Insurance ETF in the second quarter valued at about $38,000. Farther Finance Advisors LLC purchased a new stake in shares of iShares U.S. Insurance ETF during the 1st quarter valued at about $41,000. Ameritas Advisory Services LLC bought a new position in shares of iShares U.S. Insurance ETF in the 2nd quarter worth approximately $41,000. Private Trust Co. NA purchased a new position in shares of iShares U.S. Insurance ETF in the first quarter worth approximately $103,000. Finally, Copia Wealth Management bought a new stake in iShares U.S. Insurance ETF during the first quarter valued at approximately $125,000.

iShares U.S. Insurance ETF Trading Down 0.3%

Shares of IAK stock opened at $134.57 on Tuesday. iShares U.S. Insurance ETF has a 12 month low of $119.23 and a 12 month high of $139.08. The stock has a market cap of $713.22 million, a P/E ratio of 14.11 and a beta of 0.83. The company has a 50 day simple moving average of $131.61 and a two-hundred day simple moving average of $131.99.

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.