Cadent Capital Advisors LLC Raises Stock Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Cadent Capital Advisors LLC lifted its position in iShares U.S. Insurance ETF (NYSEARCA:IAKFree Report) by 0.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 43,228 shares of the company’s stock after buying an additional 101 shares during the quarter. iShares U.S. Insurance ETF comprises approximately 2.1% of Cadent Capital Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Cadent Capital Advisors LLC’s holdings in iShares U.S. Insurance ETF were worth $4,328,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Citigroup Inc. acquired a new stake in iShares U.S. Insurance ETF in the 1st quarter worth approximately $28,000. Tower Research Capital LLC TRC acquired a new stake in iShares U.S. Insurance ETF in the 1st quarter worth approximately $54,000. Bank of Montreal Can acquired a new stake in iShares U.S. Insurance ETF in the 2nd quarter worth approximately $59,000. Larson Financial Group LLC boosted its stake in iShares U.S. Insurance ETF by 17.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,123 shares of the company’s stock worth $103,000 after purchasing an additional 166 shares in the last quarter. Finally, Comerica Bank acquired a new stake in iShares U.S. Insurance ETF in the 3rd quarter worth approximately $105,000.

iShares U.S. Insurance ETF Trading Up 0.1 %

Shares of NYSEARCA IAK opened at $115.57 on Wednesday. iShares U.S. Insurance ETF has a 12 month low of $82.29 and a 12 month high of $116.13. The company has a 50 day simple moving average of $109.95 and a two-hundred day simple moving average of $101.28. The stock has a market cap of $468.06 million, a price-to-earnings ratio of 13.59 and a beta of 0.83.

iShares U.S. Insurance ETF Company Profile

(Free Report)

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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Institutional Ownership by Quarter for iShares U.S. Insurance ETF (NYSEARCA:IAK)

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