iShares U.S. Insurance ETF (NYSEARCA:IAK) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 8.8% during the 3rd quarter, Holdings Channel reports. The fund owned 20,300 shares of the company’s stock after acquiring an additional 1,636 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares U.S. Insurance ETF were worth $2,620,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its holdings in 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 purchasing an additional 10,148 shares in the last quarter. Fortis Group Advisors LLC increased its holdings in shares of iShares U.S. Insurance ETF by 16.1% in 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 period. Legend Financial Advisors Inc. increased its holdings in shares of iShares U.S. Insurance ETF by 0.7% in the 2nd quarter. Legend Financial Advisors Inc. now owns 55,741 shares of the company’s stock valued at $6,294,000 after acquiring an additional 406 shares during the period. Spectrum Wealth Counsel LLC increased its holdings in shares of iShares U.S. Insurance ETF by 12,119.3% in the 2nd quarter. Spectrum Wealth Counsel LLC now owns 53,765 shares of the company’s stock valued at $6,071,000 after acquiring an additional 53,325 shares during the period. Finally, Private Advisor Group LLC increased its holdings in shares of iShares U.S. Insurance ETF by 299.0% in the 2nd quarter. Private Advisor Group LLC now owns 50,724 shares of the company’s stock valued at $5,728,000 after acquiring an additional 38,012 shares during the period.

iShares U.S. Insurance ETF Price Performance

Shares of iShares U.S. Insurance ETF stock opened at $132.15 on Tuesday. The firm’s fifty day simple moving average is $129.09 and its 200-day simple moving average is $121.06. The stock has a market capitalization of $733.43 million, a price-to-earnings ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a 12 month low of $95.60 and a 12 month high of $133.82.

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.