Stifel Financial Corp Increases Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Stifel Financial Corp grew its position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,734 shares of the company’s stock after purchasing an additional 17,208 shares during the period. Stifel Financial Corp’s holdings in iShares U.S. Insurance ETF were worth $18,431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of IAK. Harbour Investments Inc. purchased a new stake in iShares U.S. Insurance ETF during the 4th quarter worth approximately $25,000. Redwood Park Advisors LLC acquired a new position in shares of iShares U.S. Insurance ETF in the fourth quarter worth $44,000. Russell Investments Group Ltd. increased its position in shares of iShares U.S. Insurance ETF by 325.4% during the fourth quarter. Russell Investments Group Ltd. now owns 889 shares of the company’s stock worth $112,000 after acquiring an additional 680 shares during the period. AdvisorNet Financial Inc increased its position in shares of iShares U.S. Insurance ETF by 21.0% during the fourth quarter. AdvisorNet Financial Inc now owns 962 shares of the company’s stock worth $122,000 after acquiring an additional 167 shares during the period. Finally, Spire Wealth Management raised its stake in shares of iShares U.S. Insurance ETF by 16.7% in the fourth quarter. Spire Wealth Management now owns 1,735 shares of the company’s stock valued at $219,000 after acquiring an additional 248 shares in the last quarter.

iShares U.S. Insurance ETF Price Performance

IAK opened at $129.50 on Friday. The business has a fifty day moving average price of $132.19 and a 200 day moving average price of $130.40. iShares U.S. Insurance ETF has a 12 month low of $110.69 and a 12 month high of $139.08. The stock has a market capitalization of $744.63 million, a price-to-earnings ratio of 11.84 and a beta of 0.65.

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.