Martin & Co. Inc. TN cut its holdings in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK – Free Report) by 4.7% during the second quarter, Holdings Channel reports. The fund owned 40,956 shares of the company’s stock after selling 2,027 shares during the quarter. Martin & Co. Inc. TN’s holdings in iShares U.S. Insurance ETF were worth $3,600,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in the business. Bank of America Corp DE increased its holdings in shares of iShares U.S. Insurance ETF by 4.5% during the 1st quarter. Bank of America Corp DE now owns 714,459 shares of the company’s stock worth $61,172,000 after acquiring an additional 30,723 shares during the last quarter. Morgan Stanley boosted its stake in iShares U.S. Insurance ETF by 20.3% in the 4th quarter. Morgan Stanley now owns 526,934 shares of the company’s stock valued at $48,162,000 after purchasing an additional 89,053 shares during the period. Wells Fargo & Company MN boosted its stake in iShares U.S. Insurance ETF by 13.8% in the 4th quarter. Wells Fargo & Company MN now owns 304,912 shares of the company’s stock valued at $27,869,000 after purchasing an additional 37,011 shares during the period. SPC Financial Inc. boosted its stake in iShares U.S. Insurance ETF by 2.1% in the 2nd quarter. SPC Financial Inc. now owns 201,838 shares of the company’s stock valued at $17,740,000 after purchasing an additional 4,082 shares during the period. Finally, LPL Financial LLC boosted its stake in iShares U.S. Insurance ETF by 5.0% in the 1st quarter. LPL Financial LLC now owns 157,217 shares of the company’s stock valued at $13,461,000 after purchasing an additional 7,457 shares during the period.
iShares U.S. Insurance ETF Price Performance
IAK traded down $0.11 during trading on Monday, hitting $96.76. The stock had a trading volume of 5,716 shares, compared to its average volume of 41,027. The company has a 50 day moving average price of $93.78 and a 200-day moving average price of $90.17. The firm has a market cap of $391.88 million, a price-to-earnings ratio of 13.59 and a beta of 0.83. iShares U.S. Insurance ETF has a one year low of $80.39 and a one year high of $97.33.
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.
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