Janney Montgomery Scott LLC Has $2.01 Million Stock Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Janney Montgomery Scott LLC lowered its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 21.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,860 shares of the company’s stock after selling 4,440 shares during the quarter. Janney Montgomery Scott LLC owned 0.29% of iShares U.S. Insurance ETF worth $2,006,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MML Investors Services LLC boosted its holdings in shares of iShares U.S. Insurance ETF by 1.6% in the 3rd quarter. MML Investors Services LLC now owns 218,558 shares of the company’s stock worth $28,205,000 after acquiring an additional 3,489 shares in the last quarter. Castleark Management LLC acquired a new position in shares of iShares U.S. Insurance ETF during the third quarter worth approximately $8,010,000. Miracle Mile Advisors LLC bought a new position in iShares U.S. Insurance ETF in the 4th quarter valued at $7,720,000. WESPAC Advisors SoCal LLC boosted its holdings in iShares U.S. Insurance ETF by 1,097.2% in the third quarter. WESPAC Advisors SoCal LLC now owns 50,523 shares of the company’s stock valued at $6,520,000 after acquiring an additional 46,303 shares during the last quarter. Finally, Prospera Financial Services Inc grew its position in shares of iShares U.S. Insurance ETF by 2.5% during the 3rd quarter. Prospera Financial Services Inc now owns 49,299 shares of the company’s stock worth $6,362,000 after buying an additional 1,193 shares during the period.

iShares U.S. Insurance ETF Stock Down 1.0 %

IAK stock opened at $128.87 on Monday. iShares U.S. Insurance ETF has a twelve month low of $104.00 and a twelve month high of $139.08. The business’s fifty day moving average is $128.98 and its 200-day moving average is $127.25. The company has a market cap of $715.23 million, a P/E 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.