Janney Montgomery Scott LLC boosted its stake in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK – Free Report) by 8.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 20,300 shares of the company’s stock after acquiring an additional 1,636 shares during the period. Janney Montgomery Scott LLC owned about 0.37% of iShares U.S. Insurance ETF worth $2,620,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Leuthold Group LLC acquired a new stake in shares of iShares U.S. Insurance ETF in the third quarter valued at about $2,565,000. Financial Management Professionals Inc. acquired a new stake in shares of iShares U.S. Insurance ETF in the third quarter valued at about $745,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of iShares U.S. Insurance ETF in the third quarter valued at about $180,000. Legacy Capital Group California Inc. acquired a new stake in shares of iShares U.S. Insurance ETF in the third quarter valued at about $238,000. Finally, Fiduciary Planning LLC raised its position in shares of iShares U.S. Insurance ETF by 3.2% in the third quarter. Fiduciary Planning LLC now owns 48,742 shares of the company’s stock valued at $6,290,000 after buying an additional 1,490 shares during the last quarter.
iShares U.S. Insurance ETF Trading Up 0.5 %
iShares U.S. Insurance ETF stock opened at $132.15 on Tuesday. iShares U.S. Insurance ETF has a 12-month low of $95.60 and a 12-month high of $133.82. The stock has a market cap of $733.43 million, a P/E ratio of 17.19 and a beta of 0.40. The company has a 50-day moving average price of $129.09 and a 200 day moving average price of $121.06.
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.
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