Osaic Holdings Inc. Acquires 47,763 Shares of iShares U.S. Insurance ETF $IAK

Osaic Holdings Inc. grew its holdings in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 58.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 129,238 shares of the company’s stock after buying an additional 47,763 shares during the period. Osaic Holdings Inc.’s holdings in iShares U.S. Insurance ETF were worth $17,377,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Fulcrum Equity Management acquired a new position in shares of iShares U.S. Insurance ETF during the 2nd quarter valued at $854,000. B. Riley Wealth Advisors Inc. bought a new stake in iShares U.S. Insurance ETF in the second quarter valued at $222,000. Advisory Services Network LLC increased its stake in iShares U.S. Insurance ETF by 8.9% in the second quarter. Advisory Services Network LLC now owns 106,596 shares of the company’s stock valued at $13,588,000 after purchasing an additional 8,745 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of iShares U.S. Insurance ETF by 53.5% during the second quarter. Tower Research Capital LLC TRC now owns 9,654 shares of the company’s stock valued at $1,298,000 after purchasing an additional 3,363 shares during the period. Finally, Redwood Financial Network Corp bought a new position in shares of iShares U.S. Insurance ETF during the 2nd quarter worth about $223,000.

iShares U.S. Insurance ETF Price Performance

Shares of IAK opened at $136.80 on Friday. iShares U.S. Insurance ETF has a one year low of $119.23 and a one year high of $138.99. The company has a market cap of $670.32 million, a PE ratio of 14.11 and a beta of 0.65. The stock has a 50-day moving average of $131.58 and a 200-day moving average of $131.66.

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.