UBS Group AG Raises Holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK)

UBS Group AG boosted its stake in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK – Get Rating) by 6.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,137 shares of the company’s stock after purchasing an additional 6,759 shares during the quarter. UBS Group AG owned approximately 1.71% of iShares U.S. Insurance ETF worth $9,610,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IAK. Bank of Montreal Can increased its holdings in shares of iShares U.S. Insurance ETF by 34,868.2% in the 4th quarter. Bank of Montreal Can now owns 245,477 shares of the company’s stock valued at $22,567,000 after acquiring an additional 244,775 shares during the last quarter. Wells Fargo & Company MN grew its stake in iShares U.S. Insurance ETF by 296.6% during the 2nd quarter. Wells Fargo & Company MN now owns 169,771 shares of the company’s stock worth $14,086,000 after buying an additional 126,964 shares during the last quarter. Royal Bank of Canada grew its stake in iShares U.S. Insurance ETF by 115.4% during the 3rd quarter. Royal Bank of Canada now owns 180,860 shares of the company’s stock worth $14,304,000 after buying an additional 96,893 shares during the last quarter. LPL Financial LLC grew its stake in iShares U.S. Insurance ETF by 113.8% during the 4th quarter. LPL Financial LLC now owns 149,760 shares of the company’s stock worth $13,688,000 after buying an additional 79,715 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in iShares U.S. Insurance ETF by 53.9% during the 3rd quarter. MML Investors Services LLC now owns 170,281 shares of the company’s stock worth $13,467,000 after buying an additional 59,605 shares during the last quarter.

iShares U.S. Insurance ETF Stock Down 0.9 %

NYSEARCA:IAK opened at $86.18 on Wednesday. The stock’s 50 day moving average price is $85.96 and its 200 day moving average price is $90.05. The company has a market capitalization of $448.14 million, a PE ratio of 8.99 and a beta of 0.83. iShares U.S. Insurance ETF has a 52-week low of $77.94 and a 52-week high of $95.30.

About iShares U.S. Insurance ETF

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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.