28,986 Shares in iShares U.S. Insurance ETF (NYSEARCA:IAK) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 28,986 shares of the company’s stock, valued at approximately $2,902,000. International Assets Investment Management LLC owned approximately 0.72% of iShares U.S. Insurance ETF at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in shares of iShares U.S. Insurance ETF by 4.5% in the first quarter. Bank of America Corp DE now owns 714,459 shares of the company’s stock valued at $61,172,000 after purchasing an additional 30,723 shares in the last quarter. Morgan Stanley lifted its holdings in shares of iShares U.S. Insurance ETF by 20.3% in the fourth quarter. Morgan Stanley now owns 526,934 shares of the company’s stock valued at $48,162,000 after purchasing an additional 89,053 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of iShares U.S. Insurance ETF by 13.8% in the fourth quarter. Wells Fargo & Company MN now owns 304,912 shares of the company’s stock valued at $27,869,000 after purchasing an additional 37,011 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of iShares U.S. Insurance ETF by 2.7% in the third quarter. Stifel Financial Corp now owns 120,902 shares of the company’s stock valued at $11,082,000 after purchasing an additional 3,170 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of iShares U.S. Insurance ETF by 59.3% in the second quarter. LPL Financial LLC now owns 70,121 shares of the company’s stock valued at $5,818,000 after purchasing an additional 26,106 shares in the last quarter.

iShares U.S. Insurance ETF Price Performance

Shares of NYSEARCA IAK opened at $110.66 on Friday. iShares U.S. Insurance ETF has a 12-month low of $82.29 and a 12-month high of $117.60. The company has a market capitalization of $448.17 million, a PE ratio of 13.59 and a beta of 0.83. The firm’s 50-day moving average is $112.71 and its two-hundred day moving average is $103.61.

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.