Redwood Park Advisors LLC acquired a new position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 348 shares of the company’s stock, valued at approximately $44,000.
Several other institutional investors and hedge funds also recently modified their holdings of IAK. Raymond James Financial Inc. purchased a new position in iShares U.S. Insurance ETF in the fourth quarter valued at about $8,119,000. Advisory Services Network LLC increased its position in iShares U.S. Insurance ETF by 17.4% in the 4th quarter. Advisory Services Network LLC now owns 93,719 shares of the company’s stock valued at $11,853,000 after acquiring an additional 13,910 shares during the period. Russell Investments Group Ltd. increased its position in iShares U.S. Insurance ETF by 325.4% in the 4th quarter. Russell Investments Group Ltd. now owns 889 shares of the company’s stock valued at $112,000 after acquiring an additional 680 shares during the period. OLD Mission Capital LLC acquired a new stake in iShares U.S. Insurance ETF in the 4th quarter valued at approximately $1,753,000. Finally, Delos Wealth Advisors LLC boosted its stake in iShares U.S. Insurance ETF by 41.2% during the 4th quarter. Delos Wealth Advisors LLC now owns 7,672 shares of the company’s stock valued at $970,000 after purchasing an additional 2,240 shares in the last quarter.
iShares U.S. Insurance ETF Stock Performance
Shares of NYSEARCA IAK opened at $130.16 on Thursday. The firm has a market cap of $748.42 million, a P/E ratio of 11.84 and a beta of 0.65. The stock has a fifty day moving average price of $132.00 and a two-hundred day moving average price of $130.40. iShares U.S. Insurance ETF has a 1 year low of $109.09 and a 1 year high of $139.08.
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.
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