TFB Advisors LLC raised its position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK – Free Report) by 11.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,346 shares of the company’s stock after buying an additional 348 shares during the quarter. TFB Advisors LLC’s holdings in iShares U.S. Insurance ETF were worth $432,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the company. Concurrent Investment Advisors LLC acquired a new stake in shares of iShares U.S. Insurance ETF during the third quarter worth $352,000. Janney Montgomery Scott LLC lifted its holdings in shares of iShares U.S. Insurance ETF by 8.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 20,300 shares of the company’s stock worth $2,620,000 after purchasing an additional 1,636 shares during the last quarter. Leuthold Group LLC acquired a new position in iShares U.S. Insurance ETF during the 3rd quarter valued at approximately $2,565,000. Financial Management Professionals Inc. acquired a new stake in iShares U.S. Insurance ETF in the third quarter worth $745,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in iShares U.S. Insurance ETF during the 3rd quarter valued at about $180,000.
iShares U.S. Insurance ETF Trading Up 1.2 %
Shares of NYSEARCA:IAK opened at $131.46 on Friday. The firm’s 50 day moving average is $129.02 and its two-hundred day moving average is $120.82. The firm has a market capitalization of $729.60 million, a P/E ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a 52 week low of $94.81 and a 52 week high of $133.82.
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.
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