iShares U.S. Insurance ETF (NYSEARCA:IAK) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC trimmed its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,726 shares of the company’s stock after selling 1,244 shares during the quarter. Advisory Services Network LLC’s holdings in iShares U.S. Insurance ETF were worth $8,984,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TFB Advisors LLC acquired a new position in iShares U.S. Insurance ETF in the 4th quarter valued at about $300,000. Brookstone Capital Management acquired a new position in iShares U.S. Insurance ETF in the 4th quarter valued at about $257,000. Leuthold Group LLC acquired a new position in iShares U.S. Insurance ETF in the 4th quarter valued at about $907,000. Fiduciary Planning LLC lifted its holdings in shares of iShares U.S. Insurance ETF by 264.8% in the 4th quarter. Fiduciary Planning LLC now owns 42,198 shares of the company’s stock worth $4,225,000 after acquiring an additional 30,630 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of iShares U.S. Insurance ETF by 105.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 37,179 shares of the company’s stock worth $3,723,000 after acquiring an additional 19,102 shares during the last quarter.

iShares U.S. Insurance ETF Price Performance

Shares of IAK stock traded up $0.88 during trading hours on Friday, hitting $115.20. The company had a trading volume of 36,795 shares, compared to its average volume of 74,068. The company’s fifty day moving average is $114.46 and its 200 day moving average is $107.44. iShares U.S. Insurance ETF has a fifty-two week low of $82.29 and a fifty-two week high of $117.99. The stock has a market capitalization of $639.36 million, a PE ratio of 17.19 and a beta of 0.40.

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.