Tepp RIA LLC Acquires New Shares in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Tepp RIA LLC bought a new position in iShares U.S. Insurance ETF (NYSEARCA:IAK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,687 shares of the company’s stock, valued at approximately $466,000. iShares U.S. Insurance ETF comprises about 0.7% of Tepp RIA LLC’s holdings, making the stock its 15th biggest position. Tepp RIA LLC owned 0.07% of iShares U.S. Insurance ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbour Investments Inc. purchased a new position in shares of iShares U.S. Insurance ETF during the fourth quarter valued at approximately $25,000. AdvisorNet Financial Inc grew its position in iShares U.S. Insurance ETF by 21.0% in the 4th quarter. AdvisorNet Financial Inc now owns 962 shares of the company’s stock worth $122,000 after purchasing an additional 167 shares during the period. Spire Wealth Management raised its stake in iShares U.S. Insurance ETF by 16.7% during the 4th quarter. Spire Wealth Management now owns 1,735 shares of the company’s stock valued at $219,000 after buying an additional 248 shares during the last quarter. Raymond James Trust N.A. bought a new position in shares of iShares U.S. Insurance ETF during the 3rd quarter valued at $222,000. Finally, Larson Financial Group LLC boosted its stake in shares of iShares U.S. Insurance ETF by 6.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,766 shares of the company’s stock worth $228,000 after buying an additional 105 shares during the last quarter.

iShares U.S. Insurance ETF Price Performance

Shares of IAK opened at $137.01 on Friday. The firm has a market capitalization of $801.51 million, a P/E ratio of 12.85 and a beta of 0.80. iShares U.S. Insurance ETF has a one year low of $109.09 and a one year high of $139.08. The business has a fifty day moving average of $131.42 and a 200 day moving average of $130.21.

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.