Advisory Services Network LLC Purchases 9,617 Shares of iShares U.S. Insurance ETF $IAK

Advisory Services Network LLC lifted its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 9.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,213 shares of the company’s stock after purchasing an additional 9,617 shares during the quarter. Advisory Services Network LLC owned 2.37% of iShares U.S. Insurance ETF worth $15,576,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of IAK. Susquehanna International Group LLP grew its position in iShares U.S. Insurance ETF by 60.2% during the third quarter. Susquehanna International Group LLP now owns 23,791 shares of the company’s stock valued at $3,189,000 after acquiring an additional 8,937 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of iShares U.S. Insurance ETF by 61.5% in the 3rd quarter. National Bank of Canada FI now owns 260 shares of the company’s stock worth $35,000 after acquiring an additional 99 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of iShares U.S. Insurance ETF by 12.8% in the 3rd quarter. Larson Financial Group LLC now owns 2,228 shares of the company’s stock worth $299,000 after acquiring an additional 252 shares during the last quarter. Delos Wealth Advisors LLC boosted its stake in shares of iShares U.S. Insurance ETF by 18.9% in the 3rd quarter. Delos Wealth Advisors LLC now owns 8,323 shares of the company’s stock valued at $1,116,000 after purchasing an additional 1,324 shares in the last quarter. Finally, Citadel Advisors LLC boosted its stake in shares of iShares U.S. Insurance ETF by 221.4% in the 3rd quarter. Citadel Advisors LLC now owns 11,944 shares of the company’s stock valued at $1,601,000 after purchasing an additional 8,228 shares in the last quarter.

iShares U.S. Insurance ETF Stock Down 1.2%

Shares of NYSEARCA:IAK opened at $130.12 on Wednesday. The stock has a market cap of $416.38 million, a PE ratio of 14.11 and a beta of 0.65. The company’s fifty day moving average is $133.53 and its 200 day moving average is $132.98. iShares U.S. Insurance ETF has a 52 week low of $119.23 and a 52 week high of $138.99.

iShares U.S. Insurance ETF 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.