Leuthold Group LLC Invests $907,000 in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Leuthold Group LLC bought a new position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 9,054 shares of the company’s stock, valued at approximately $907,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its holdings in iShares U.S. Insurance ETF by 2.7% during the third quarter. Stifel Financial Corp now owns 120,902 shares of the company’s stock worth $11,082,000 after acquiring an additional 3,170 shares during the period. Fiduciary Planning LLC grew its position in iShares U.S. Insurance ETF by 264.8% in the fourth quarter. Fiduciary Planning LLC now owns 42,198 shares of the company’s stock worth $4,225,000 after buying an additional 30,630 shares during the last quarter. Lee Danner & Bass Inc. increased its holdings in shares of iShares U.S. Insurance ETF by 965.4% in the fourth quarter. Lee Danner & Bass Inc. now owns 40,859 shares of the company’s stock valued at $4,091,000 after buying an additional 37,024 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of iShares U.S. Insurance ETF by 105.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 37,179 shares of the company’s stock valued at $3,723,000 after acquiring an additional 19,102 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of iShares U.S. Insurance ETF during the fourth quarter valued at $2,902,000.

iShares U.S. Insurance ETF Price Performance

NYSEARCA IAK traded up $0.21 on Tuesday, hitting $115.35. 6,247 shares of the company were exchanged, compared to its average volume of 74,781. iShares U.S. Insurance ETF has a twelve month low of $82.29 and a twelve month high of $117.60. The company’s 50 day moving average price is $113.50 and its 200-day moving average price is $105.44. The firm has a market capitalization of $622.89 million, a P/E ratio of 16.78 and a beta of 0.48.

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.