UBS Group AG lessened its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK – Free Report) by 11.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,302 shares of the company’s stock after selling 8,035 shares during the quarter. UBS Group AG owned 1.80% of iShares U.S. Insurance ETF worth $8,210,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in IAK. MAI Capital Management acquired a new position in shares of iShares U.S. Insurance ETF in the third quarter valued at approximately $31,000. Flagship Harbor Advisors LLC acquired a new position in shares of iShares U.S. Insurance ETF in the fourth quarter valued at approximately $34,000. National Bank of Canada FI boosted its holdings in shares of iShares U.S. Insurance ETF by 61.5% in the third quarter. National Bank of Canada FI now owns 260 shares of the company’s stock valued at $35,000 after buying an additional 99 shares during the period. Aptus Capital Advisors LLC acquired a new position in shares of iShares U.S. Insurance ETF in the third quarter valued at approximately $59,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of iShares U.S. Insurance ETF in the third quarter valued at approximately $102,000.
iShares U.S. Insurance ETF Price Performance
iShares U.S. Insurance ETF stock opened at $132.01 on Monday. The stock has a market capitalization of $369.63 million, a PE ratio of 14.11 and a beta of 0.54. iShares U.S. Insurance ETF has a twelve month low of $124.62 and a twelve month high of $138.66. The company has a 50 day moving average of $130.65 and a 200-day moving average of $132.58.
About iShares U.S. Insurance ETF
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.
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