Steward Partners Investment Advisory LLC Trims Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Steward Partners Investment Advisory LLC trimmed its position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,867 shares of the company’s stock after selling 377 shares during the quarter. Steward Partners Investment Advisory LLC owned approximately 0.11% of iShares U.S. Insurance ETF worth $742,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IAK. AdvisorNet Financial Inc boosted 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 worth $122,000 after purchasing an additional 167 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in iShares U.S. Insurance ETF during the third quarter worth about $222,000. Spire Wealth Management increased its stake in iShares U.S. Insurance ETF by 16.7% during the fourth quarter. Spire Wealth Management now owns 1,735 shares of the company’s stock worth $219,000 after purchasing an additional 248 shares during the period. Larson Financial Group LLC increased its stake in iShares U.S. Insurance ETF by 6.3% during the third quarter. Larson Financial Group LLC now owns 1,766 shares of the company’s stock worth $228,000 after purchasing an additional 105 shares during the period. Finally, L.M. Kohn & Company purchased a new stake in iShares U.S. Insurance ETF during the third quarter worth about $250,000.

iShares U.S. Insurance ETF Price Performance

Shares of NYSEARCA:IAK opened at $132.94 on Wednesday. The firm has a market capitalization of $737.82 million, a PE ratio of 12.99 and a beta of 0.80. The firm’s 50-day moving average is $128.94 and its two-hundred day moving average is $129.44. iShares U.S. Insurance ETF has a 1 year low of $109.09 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.