iShares U.S. Insurance ETF $IAK Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. decreased its holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 74.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,026 shares of the company’s stock after selling 80,818 shares during the period. Goldman Sachs Group Inc. owned about 0.46% of iShares U.S. Insurance ETF worth $3,862,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of IAK. Farther Finance Advisors LLC acquired a new position in shares of iShares U.S. Insurance ETF during the first quarter worth $41,000. Private Trust Co. NA purchased a new stake in shares of iShares U.S. Insurance ETF in the first quarter valued at about $103,000. Copia Wealth Management acquired a new position in shares of iShares U.S. Insurance ETF during the first quarter worth about $125,000. NBC Securities Inc. acquired a new position in shares of iShares U.S. Insurance ETF during the first quarter worth about $132,000. Finally, Advisory Alpha LLC acquired a new position in shares of iShares U.S. Insurance ETF during the first quarter worth about $203,000.

iShares U.S. Insurance ETF Trading Up 0.5%

Shares of IAK opened at $130.63 on Thursday. The firm’s 50-day moving average is $130.56 and its two-hundred day moving average is $132.17. iShares U.S. Insurance ETF has a twelve month low of $119.23 and a twelve month high of $139.08. The firm has a market capitalization of $744.59 million, a P/E ratio of 14.11 and a beta of 0.83.

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.