Janney Montgomery Scott LLC Boosts Stake in iShares U.S. Insurance ETF $IAK

Janney Montgomery Scott LLC raised its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 60.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,049 shares of the company’s stock after buying an additional 8,274 shares during the period. Janney Montgomery Scott LLC owned 0.37% of iShares U.S. Insurance ETF worth $2,965,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new stake in iShares U.S. Insurance ETF in the 1st quarter valued at about $41,000. Private Trust Co. NA purchased a new stake in iShares U.S. Insurance ETF in the 1st quarter valued at about $103,000. Copia Wealth Management bought a new position in shares of iShares U.S. Insurance ETF during the 1st quarter valued at approximately $125,000. Bulwark Capital Corp bought a new position in shares of iShares U.S. Insurance ETF during the 2nd quarter valued at approximately $159,000. Finally, Advisory Alpha LLC bought a new position in shares of iShares U.S. Insurance ETF during the 1st quarter valued at approximately $203,000.

iShares U.S. Insurance ETF Stock Down 0.4%

iShares U.S. Insurance ETF stock opened at $134.94 on Thursday. 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 50 day moving average price of $131.93 and a 200-day moving average price of $132.03. The company has a market capitalization of $715.18 million, a P/E ratio of 14.11 and a beta of 0.83.

iShares U.S. Insurance ETF Company 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.