Great Valley Advisor Group Inc. Invests $2.94 Million in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Great Valley Advisor Group Inc. purchased a new position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 22,793 shares of the company’s stock, valued at approximately $2,941,000.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC bought a new position in iShares U.S. Insurance ETF during the second quarter worth $27,000. Mirae Asset Global Investments Co. Ltd. bought a new position in iShares U.S. Insurance ETF during the third quarter worth $180,000. Larson Financial Group LLC lifted its stake in iShares U.S. Insurance ETF by 5.5% during the second quarter. Larson Financial Group LLC now owns 1,661 shares of the company’s stock worth $188,000 after purchasing an additional 86 shares during the last quarter. Raymond James Trust N.A. bought a new position in iShares U.S. Insurance ETF during the third quarter worth $222,000. Finally, Legacy Capital Group California Inc. bought a new position in iShares U.S. Insurance ETF during the third quarter worth $238,000.

iShares U.S. Insurance ETF Price Performance

Shares of IAK opened at $136.03 on Monday. The business’s fifty day moving average price is $130.14 and its 200 day moving average price is $122.23. iShares U.S. Insurance ETF has a 12-month low of $97.60 and a 12-month high of $136.18. The stock has a market capitalization of $754.97 million, a PE 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.