iShares U.S. Insurance ETF (NYSEARCA:IAK) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its stake in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 7.1% during the second quarter, HoldingsChannel reports. The firm owned 20,144 shares of the company’s stock after selling 1,540 shares during the period. Commonwealth Equity Services LLC’s holdings in iShares U.S. Insurance ETF were worth $2,275,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of IAK. Wells Fargo & Company MN grew its stake in iShares U.S. Insurance ETF by 7.7% during the 4th quarter. Wells Fargo & Company MN now owns 176,639 shares of the company’s stock valued at $17,686,000 after purchasing an additional 12,577 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of iShares U.S. Insurance ETF by 6.2% during the first quarter. Osaic Holdings Inc. now owns 173,135 shares of the company’s stock worth $20,311,000 after buying an additional 10,148 shares in the last quarter. Stifel Financial Corp increased its stake in shares of iShares U.S. Insurance ETF by 11.0% in the fourth quarter. Stifel Financial Corp now owns 134,142 shares of the company’s stock worth $13,432,000 after buying an additional 13,240 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in iShares U.S. Insurance ETF by 568.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 97,837 shares of the company’s stock valued at $11,485,000 after acquiring an additional 83,191 shares in the last quarter. Finally, Fortis Group Advisors LLC boosted its stake in iShares U.S. Insurance ETF by 16.1% during the 2nd quarter. Fortis Group Advisors LLC now owns 64,687 shares of the company’s stock valued at $7,304,000 after acquiring an additional 8,980 shares during the last quarter.

iShares U.S. Insurance ETF Stock Performance

IAK opened at $126.73 on Friday. The company has a market capitalization of $703.35 million, a P/E ratio of 17.19 and a beta of 0.40. The company has a 50-day moving average of $120.78 and a 200-day moving average of $116.33. iShares U.S. Insurance ETF has a 1-year low of $89.21 and a 1-year high of $129.79.

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.