Allworth Financial LP Cuts Position in iShares U.S. Insurance ETF $IAK

Allworth Financial LP reduced its holdings in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 14.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,069 shares of the company’s stock after selling 1,392 shares during the quarter. Allworth Financial LP owned 0.14% of iShares U.S. Insurance ETF worth $1,085,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in IAK. Avantax Advisory Services Inc. lifted its holdings in shares of iShares U.S. Insurance ETF by 15.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,972 shares of the company’s stock valued at $2,339,000 after acquiring an additional 2,293 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in iShares U.S. Insurance ETF by 84.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 553 shares of the company’s stock valued at $74,000 after purchasing an additional 253 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in iShares U.S. Insurance ETF by 6.3% in the first quarter. Kestra Private Wealth Services LLC now owns 9,337 shares of the company’s stock valued at $1,287,000 after purchasing an additional 556 shares during the period. Perigon Wealth Management LLC lifted its stake in shares of iShares U.S. Insurance ETF by 88.7% during the second quarter. Perigon Wealth Management LLC now owns 8,975 shares of the company’s stock worth $1,207,000 after purchasing an additional 4,219 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its stake in shares of iShares U.S. Insurance ETF by 12.8% during the second quarter. DAVENPORT & Co LLC now owns 4,615 shares of the company’s stock worth $621,000 after purchasing an additional 525 shares in the last quarter.

iShares U.S. Insurance ETF Price Performance

Shares of NYSEARCA IAK opened at $133.63 on Friday. iShares U.S. Insurance ETF has a 1-year low of $119.23 and a 1-year high of $139.08. The company has a market capitalization of $654.79 million, a price-to-earnings ratio of 14.11 and a beta of 0.65. The business has a 50-day moving average of $130.95 and a 200-day moving average of $131.71.

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.