Moors & Cabot Inc. Cuts Stake in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Moors & Cabot Inc. lessened its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 10.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,270 shares of the company’s stock after selling 394 shares during the quarter. Moors & Cabot Inc.’s holdings in iShares U.S. Insurance ETF were worth $414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Larson Financial Group LLC lifted its stake in 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 worth $228,000 after purchasing an additional 105 shares in the last quarter. AdvisorNet Financial Inc lifted its position in shares of iShares U.S. Insurance ETF by 21.0% in the fourth quarter. AdvisorNet Financial Inc now owns 962 shares of the company’s stock worth $122,000 after buying an additional 167 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its stake in iShares U.S. Insurance ETF by 4.1% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 4,701 shares of the company’s stock valued at $595,000 after buying an additional 186 shares during the last quarter. KKM Financial LLC grew its holdings in iShares U.S. Insurance ETF by 2.2% during the 3rd quarter. KKM Financial LLC now owns 9,148 shares of the company’s stock valued at $1,181,000 after buying an additional 197 shares in the last quarter. Finally, Spire Wealth Management increased its stake in 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 worth $219,000 after acquiring an additional 248 shares during the last quarter.

iShares U.S. Insurance ETF Price Performance

Shares of IAK opened at $135.66 on Friday. The business’s 50 day simple moving average is $129.51 and its 200-day simple moving average is $129.67. iShares U.S. Insurance ETF has a 1 year low of $109.09 and a 1 year high of $139.08. The stock has a market capitalization of $752.91 million, a price-to-earnings ratio of 12.99 and a beta of 0.80.

iShares U.S. Insurance ETF Company 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.