iShares U.S. Insurance ETF (NYSEARCA:IAK) Shares Sold by SPC Financial Inc.

SPC Financial Inc. lessened its stake in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 181,640 shares of the company’s stock after selling 5,934 shares during the quarter. iShares U.S. Insurance ETF accounts for 2.0% of SPC Financial Inc.’s investment portfolio, making the stock its 16th biggest position. SPC Financial Inc. owned 3.36% of iShares U.S. Insurance ETF worth $21,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wells Fargo & Company MN increased its position in shares of iShares U.S. Insurance ETF by 7.7% during the fourth quarter. Wells Fargo & Company MN now owns 176,639 shares of the company’s stock worth $17,686,000 after acquiring an additional 12,577 shares during the last quarter. Stifel Financial Corp increased its position in shares of iShares U.S. Insurance ETF by 11.0% during the fourth quarter. Stifel Financial Corp now owns 134,142 shares of the company’s stock worth $13,432,000 after acquiring an additional 13,240 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of iShares U.S. Insurance ETF by 568.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 97,837 shares of the company’s stock worth $11,485,000 after acquiring an additional 83,191 shares during the last quarter. Fortis Group Advisors LLC purchased a new stake in shares of iShares U.S. Insurance ETF during the first quarter worth about $6,539,000. Finally, Fiduciary Planning LLC increased its position in shares of iShares U.S. Insurance ETF by 4.7% during the first quarter. Fiduciary Planning LLC now owns 44,172 shares of the company’s stock worth $5,185,000 after acquiring an additional 1,974 shares during the last quarter.

iShares U.S. Insurance ETF Stock Performance

Shares of NYSEARCA IAK traded up $1.35 during midday trading on Thursday, reaching $115.11. 50,472 shares of the company’s stock were exchanged, compared to its average volume of 75,302. The stock has a market capitalization of $638.86 million, a PE ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a 52-week low of $85.86 and a 52-week high of $117.99. The business’s fifty day moving average price is $114.38 and its two-hundred day moving average price is $111.09.

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.