RFG Advisory LLC Has $4.01 Million Stock Position in iShares U.S. Insurance ETF $IAK

RFG Advisory LLC cut its holdings in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 18.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,550 shares of the company’s stock after selling 6,337 shares during the period. RFG Advisory LLC owned approximately 0.78% of iShares U.S. Insurance ETF worth $4,013,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Jane Street Group LLC boosted its stake in iShares U.S. Insurance ETF by 47.4% during the 1st quarter. Jane Street Group LLC now owns 23,906 shares of the company’s stock valued at $3,294,000 after purchasing an additional 7,689 shares during the last quarter. Creative Planning lifted its holdings in shares of iShares U.S. Insurance ETF by 21.5% in the second quarter. Creative Planning now owns 1,933 shares of the company’s stock valued at $260,000 after purchasing an additional 342 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of iShares U.S. Insurance ETF by 9.1% in the second quarter. NewEdge Advisors LLC now owns 26,783 shares of the company’s stock valued at $3,601,000 after purchasing an additional 2,230 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of iShares U.S. Insurance ETF by 64.0% in the second quarter. Raymond James Financial Inc. now owns 94,246 shares of the company’s stock valued at $12,672,000 after purchasing an additional 36,786 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of iShares U.S. Insurance ETF by 6.7% during the second quarter. Bank of America Corp DE now owns 123,116 shares of the company’s stock valued at $16,554,000 after buying an additional 7,703 shares during the last quarter.

iShares U.S. Insurance ETF Trading Down 0.1%

Shares of iShares U.S. Insurance ETF stock opened at $142.94 on Thursday. The stock has a fifty day simple moving average of $146.03 and a 200 day simple moving average of $137.30. iShares U.S. Insurance ETF has a 12-month low of $124.62 and a 12-month high of $152.38. The company has a market capitalization of $521.73 million, a P/E ratio of 14.11 and a beta of 0.50.

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.