Fmr LLC Raises Stock Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Fmr LLC grew its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 64.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,603 shares of the company’s stock after buying an additional 1,021 shares during the period. Fmr LLC’s holdings in iShares U.S. Insurance ETF were worth $336,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC grew its position in iShares U.S. Insurance ETF by 5.5% in the second quarter. Larson Financial Group LLC now owns 1,661 shares of the company’s stock worth $188,000 after acquiring an additional 86 shares during the period. Winthrop Advisory Group LLC grew its holdings in shares of iShares U.S. Insurance ETF by 4.1% during the 3rd quarter. Winthrop Advisory Group LLC now owns 2,510 shares of the company’s stock worth $324,000 after purchasing an additional 100 shares during the period. Sonata Capital Group Inc. increased its position in shares of iShares U.S. Insurance ETF by 4.2% during the 3rd quarter. Sonata Capital Group Inc. now owns 3,750 shares of the company’s stock worth $484,000 after purchasing an additional 150 shares during the last quarter. KKM Financial LLC increased its position in shares of iShares U.S. Insurance ETF by 2.2% during the 3rd quarter. KKM Financial LLC now owns 9,148 shares of the company’s stock worth $1,181,000 after purchasing an additional 197 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in iShares U.S. Insurance ETF in the 2nd quarter valued at about $27,000.

iShares U.S. Insurance ETF Stock Performance

iShares U.S. Insurance ETF stock opened at $126.02 on Friday. The company has a market capitalization of $699.41 million, a price-to-earnings ratio of 17.19 and a beta of 0.40. The company’s 50 day simple moving average is $131.36 and its 200-day simple moving average is $124.46. iShares U.S. Insurance ETF has a 1 year low of $97.60 and a 1 year high of $139.08.

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.