Great Valley Advisor Group Inc. purchased a new position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 22,793 shares of the company’s stock, valued at approximately $2,941,000. Great Valley Advisor Group Inc. owned 0.41% of iShares U.S. Insurance ETF as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of iShares U.S. Insurance ETF in the 2nd quarter worth about $27,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of iShares U.S. Insurance ETF in the 3rd quarter worth about $180,000. Larson Financial Group LLC boosted its position in shares of iShares U.S. Insurance ETF by 5.5% in the 2nd quarter. Larson Financial Group LLC now owns 1,661 shares of the company’s stock worth $188,000 after buying an additional 86 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in shares of iShares U.S. Insurance ETF in the 3rd quarter worth about $222,000. Finally, Legacy Capital Group California Inc. purchased a new position in iShares U.S. Insurance ETF in the 3rd quarter valued at about $238,000.
iShares U.S. Insurance ETF Trading Up 0.8 %
NYSEARCA:IAK opened at $136.03 on Monday. The firm has a market cap of $754.97 million, a price-to-earnings ratio of 17.19 and a beta of 0.40. The company’s 50-day moving average is $130.14 and its two-hundred day moving average is $122.23. iShares U.S. Insurance ETF has a 12-month low of $97.60 and a 12-month high of $136.18.
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.
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