MinichMacGregor Wealth Management LLC Has $11.33 Million Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

MinichMacGregor Wealth Management LLC decreased its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 1.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 89,573 shares of the company’s stock after selling 989 shares during the period. iShares U.S. Insurance ETF makes up 2.4% of MinichMacGregor Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. MinichMacGregor Wealth Management LLC’s holdings in iShares U.S. Insurance ETF were worth $11,328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Castleark Management LLC bought a new position in shares of iShares U.S. Insurance ETF in the 3rd quarter worth about $8,010,000. Miracle Mile Advisors LLC bought a new stake in iShares U.S. Insurance ETF in the fourth quarter worth approximately $7,720,000. WESPAC Advisors SoCal LLC lifted its stake in iShares U.S. Insurance ETF by 1,097.2% in the third quarter. WESPAC Advisors SoCal LLC now owns 50,523 shares of the company’s stock valued at $6,520,000 after buying an additional 46,303 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of iShares U.S. Insurance ETF by 12,831.8% during the 3rd quarter. International Assets Investment Management LLC now owns 30,907 shares of the company’s stock worth $3,989,000 after buying an additional 30,668 shares in the last quarter. Finally, Tudor Financial Inc. acquired a new stake in shares of iShares U.S. Insurance ETF during the 3rd quarter worth approximately $3,074,000.

iShares U.S. Insurance ETF Stock Down 0.7 %

NYSEARCA:IAK opened at $126.95 on Thursday. iShares U.S. Insurance ETF has a twelve month low of $104.00 and a twelve month high of $139.08. The company has a fifty day moving average of $129.64 and a 200-day moving average of $126.54. The firm has a market capitalization of $704.57 million, a P/E ratio of 17.19 and a beta of 0.40.

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.