HighTower Advisors LLC reduced its position in iShares U.S. Insurance ETF (NYSEARCA:IAK – Free Report) by 73.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,310 shares of the company’s stock after selling 9,201 shares during the period. HighTower Advisors LLC owned 0.06% of iShares U.S. Insurance ETF worth $426,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of IAK. Hilltop Holdings Inc. bought a new position in shares of iShares U.S. Insurance ETF in the third quarter worth about $360,000. L.M. Kohn & Company purchased a new position in shares of iShares U.S. Insurance ETF in the 3rd quarter valued at approximately $250,000. FMR LLC lifted its position in iShares U.S. Insurance ETF by 64.5% during the 3rd quarter. FMR LLC now owns 2,603 shares of the company’s stock worth $336,000 after acquiring an additional 1,021 shares during the period. Larson Financial Group LLC increased its stake in shares of iShares U.S. Insurance ETF by 6.3% in the third quarter. Larson Financial Group LLC now owns 1,766 shares of the company’s stock worth $228,000 after acquiring an additional 105 shares during the period. Finally, WESPAC Advisors LLC raised its position in iShares U.S. Insurance ETF by 20.6% during the third quarter. WESPAC Advisors LLC now owns 10,828 shares of the company’s stock valued at $1,397,000 after acquiring an additional 1,850 shares in the last quarter.
iShares U.S. Insurance ETF Trading Up 1.3 %
NYSEARCA IAK opened at $126.02 on Friday. iShares U.S. Insurance ETF has a twelve month low of $97.60 and a twelve month high of $139.08. The stock has a market capitalization of $699.41 million, a price-to-earnings ratio of 17.19 and a beta of 0.40. The stock has a 50-day moving average of $131.36 and a 200 day moving average of $124.46.
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.
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