iShares U.S. Insurance ETF $IAK Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its holdings in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 39.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 46,172 shares of the company’s stock after selling 29,515 shares during the period. Royal Bank of Canada’s holdings in iShares U.S. Insurance ETF were worth $5,924,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jane Street Group LLC grew its position in shares of iShares U.S. Insurance ETF by 47.4% in the first 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 raised its position in shares of iShares U.S. Insurance ETF by 21.5% during the 2nd quarter. Creative Planning now owns 1,933 shares of the company’s stock worth $260,000 after purchasing an additional 342 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of iShares U.S. Insurance ETF by 9.1% during the 2nd quarter. NewEdge Advisors LLC now owns 26,783 shares of the company’s stock worth $3,601,000 after purchasing an additional 2,230 shares during the last quarter. Raymond James Financial Inc. lifted its stake in iShares U.S. Insurance ETF by 64.0% in the 2nd quarter. Raymond James Financial Inc. now owns 94,246 shares of the company’s stock valued at $12,672,000 after buying an additional 36,786 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in iShares U.S. Insurance ETF by 6.7% in the 2nd 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 in the last quarter.

iShares U.S. Insurance ETF Stock Performance

Shares of NYSEARCA:IAK opened at $145.82 on Wednesday. The business’s fifty day moving average price is $142.25 and its two-hundred day moving average price is $135.67. The stock has a market cap of $532.24 million, a PE ratio of 14.11 and a beta of 0.51. iShares U.S. Insurance ETF has a one year low of $124.62 and a one year high of $152.38.

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.