TAP Consulting LLC Raises Holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK)

TAP Consulting LLC lifted its holdings in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 67.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,749 shares of the company’s stock after buying an additional 10,359 shares during the period. TAP Consulting LLC owned about 0.46% of iShares U.S. Insurance ETF worth $2,908,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IAK. International Assets Investment Management LLC purchased a new position in shares of iShares U.S. Insurance ETF during the 4th quarter worth approximately $2,902,000. Private Advisor Group LLC purchased a new position in shares of iShares U.S. Insurance ETF during the 4th quarter worth approximately $555,000. SP Asset Management LLC raised its stake in shares of iShares U.S. Insurance ETF by 0.8% during the 4th quarter. SP Asset Management LLC now owns 19,988 shares of the company’s stock worth $2,001,000 after buying an additional 163 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of iShares U.S. Insurance ETF by 27.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 19,611 shares of the company’s stock worth $1,964,000 after buying an additional 4,213 shares in the last quarter. Finally, Tortoise Investment Management LLC purchased a new position in iShares U.S. Insurance ETF in the 4th quarter valued at approximately $34,000.

iShares U.S. Insurance ETF Stock Down 1.0 %

NYSEARCA IAK traded down $1.31 during mid-day trading on Friday, hitting $126.15. The stock had a trading volume of 51,800 shares, compared to its average volume of 72,319. iShares U.S. Insurance ETF has a 52-week low of $89.21 and a 52-week high of $129.79. The company has a market cap of $700.13 million, a price-to-earnings ratio of 17.19 and a beta of 0.40. The company has a 50 day simple moving average of $119.68 and a 200 day simple moving average of $115.92.

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.