Leuthold Group LLC Increases Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Leuthold Group LLC increased its position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 87.4% in the 1st quarter, HoldingsChannel reports. The firm owned 16,968 shares of the company’s stock after purchasing an additional 7,914 shares during the period. Leuthold Group LLC’s holdings in iShares U.S. Insurance ETF were worth $1,992,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. TFB Advisors LLC purchased a new position in iShares U.S. Insurance ETF during the fourth quarter worth about $300,000. Brookstone Capital Management acquired a new stake in iShares U.S. Insurance ETF during the fourth quarter worth approximately $257,000. Fiduciary Planning LLC boosted its position in iShares U.S. Insurance ETF by 264.8% during the fourth quarter. Fiduciary Planning LLC now owns 42,198 shares of the company’s stock worth $4,225,000 after acquiring an additional 30,630 shares during the last quarter. Chicago Wealth Management Inc. boosted its position in iShares U.S. Insurance ETF by 2.2% during the fourth quarter. Chicago Wealth Management Inc. now owns 31,387 shares of the company’s stock worth $3,143,000 after acquiring an additional 680 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in iShares U.S. Insurance ETF by 105.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 37,179 shares of the company’s stock worth $3,723,000 after acquiring an additional 19,102 shares during the last quarter.

iShares U.S. Insurance ETF Stock Performance

NYSEARCA IAK traded up $1.06 during mid-day trading on Friday, reaching $116.17. 25,257 shares of the stock were exchanged, compared to its average volume of 74,925. iShares U.S. Insurance ETF has a 1-year low of $85.86 and a 1-year high of $117.99. The business’s fifty day simple moving average is $114.42 and its 200 day simple moving average is $111.12. The stock has a market capitalization of $644.74 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.