iShares U.S. Insurance ETF (NYSEARCA:IAK) Position Trimmed by Stephens Inc. AR

Stephens Inc. AR lessened its holdings in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,362 shares of the company’s stock after selling 388 shares during the quarter. Stephens Inc. AR owned approximately 0.06% of iShares U.S. Insurance ETF worth $425,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AdvisorNet Financial Inc grew its stake in iShares U.S. Insurance ETF by 21.0% during the 4th quarter. AdvisorNet Financial Inc now owns 962 shares of the company’s stock valued at $122,000 after acquiring an additional 167 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of iShares U.S. Insurance ETF in the 3rd quarter valued at approximately $180,000. Raymond James Trust N.A. bought a new stake in shares of iShares U.S. Insurance ETF in the 3rd quarter valued at approximately $222,000. Spire Wealth Management grew its stake in shares of iShares U.S. Insurance ETF by 16.7% in the 4th quarter. Spire Wealth Management now owns 1,735 shares of the company’s stock valued at $219,000 after buying an additional 248 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of iShares U.S. Insurance ETF by 6.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,766 shares of the company’s stock valued at $228,000 after buying an additional 105 shares in the last quarter.

iShares U.S. Insurance ETF Stock Performance

Shares of NYSEARCA IAK opened at $128.23 on Friday. iShares U.S. Insurance ETF has a 52 week low of $109.09 and a 52 week high of $139.08. The business has a 50 day simple moving average of $127.46 and a 200 day simple moving average of $127.94. The stock has a market cap of $711.68 million, a price-to-earnings 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.