HighTower Advisors LLC Lowers Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

HighTower Advisors LLC trimmed its holdings in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 30.0% 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 2,318 shares of the company’s stock after selling 992 shares during the period. HighTower Advisors LLC’s holdings in iShares U.S. Insurance ETF were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. MML Investors Services LLC lifted its position 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 purchasing an additional 3,489 shares during the period. SPC Financial Inc. raised its stake in iShares U.S. Insurance ETF by 0.3% in the fourth quarter. SPC Financial Inc. now owns 167,855 shares of the company’s stock worth $21,229,000 after buying an additional 434 shares in the last quarter. WESPAC Advisors SoCal LLC lifted its holdings in iShares U.S. Insurance ETF by 38.8% during the fourth quarter. WESPAC Advisors SoCal LLC now owns 70,103 shares of the company’s stock worth $8,866,000 after buying an additional 19,580 shares during the period. Raymond James Financial Inc. bought a new stake in iShares U.S. Insurance ETF during the 4th quarter valued at $8,119,000. Finally, GGM Financials LLC purchased a new position in shares of iShares U.S. Insurance ETF in the 4th quarter valued at $7,878,000.

iShares U.S. Insurance ETF Trading Up 0.1 %

IAK opened at $138.47 on Thursday. The stock has a fifty day moving average price of $132.21 and a 200-day moving average price of $130.51. iShares U.S. Insurance ETF has a 12 month low of $109.09 and a 12 month high of $139.08. The firm has a market cap of $810.05 million, a price-to-earnings ratio of 12.85 and a beta of 0.80.

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.