Bank of America Corp DE Has $15.78 Million Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Bank of America Corp DE lowered its holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 19.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,730 shares of the company’s stock after selling 29,805 shares during the period. Bank of America Corp DE owned approximately 2.25% of iShares U.S. Insurance ETF worth $15,775,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. MML Investors Services LLC grew its position in iShares U.S. Insurance ETF by 3.4% during the 4th quarter. MML Investors Services LLC now owns 226,048 shares of the company’s stock worth $28,588,000 after acquiring an additional 7,490 shares during the last quarter. SPC Financial Inc. grew its holdings in iShares U.S. Insurance ETF by 0.3% during the 4th quarter. SPC Financial Inc. now owns 167,855 shares of the company’s stock worth $21,229,000 after acquiring an additional 434 shares during the period. Stifel Financial Corp lifted 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 during the period. Advisory Services Network LLC boosted its holdings in shares of iShares U.S. Insurance ETF by 17.4% during the 4th quarter. Advisory Services Network LLC now owns 93,719 shares of the company’s stock worth $11,853,000 after buying an additional 13,910 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC boosted its stake in iShares U.S. Insurance ETF by 38.8% during the fourth quarter. WESPAC Advisors SoCal LLC now owns 70,103 shares of the company’s stock worth $8,866,000 after acquiring an additional 19,580 shares in the last quarter.

iShares U.S. Insurance ETF Stock Down 0.8%

Shares of NYSEARCA:IAK opened at $136.59 on Wednesday. The stock’s 50 day moving average is $132.75 and its 200-day moving average is $130.95. iShares U.S. Insurance ETF has a twelve month low of $110.92 and a twelve month high of $139.08. The firm has a market capitalization of $764.90 million, a price-to-earnings ratio of 12.65 and a beta of 0.65.

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.