IFG Advisory LLC Cuts Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

IFG Advisory LLC decreased its holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,761 shares of the company’s stock after selling 430 shares during the quarter. IFG Advisory LLC owned about 0.14% of iShares U.S. Insurance ETF worth $577,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of IAK. Wells Fargo & Company MN raised its position in iShares U.S. Insurance ETF by 296.6% in the second quarter. Wells Fargo & Company MN now owns 169,771 shares of the company’s stock worth $14,086,000 after acquiring an additional 126,964 shares in the last quarter. Morgan Stanley raised its position in iShares U.S. Insurance ETF by 20.3% in the fourth quarter. Morgan Stanley now owns 526,934 shares of the company’s stock worth $48,162,000 after acquiring an additional 89,053 shares in the last quarter. Chicago Wealth Management Inc. acquired a new stake in iShares U.S. Insurance ETF in the fourth quarter valued at $2,965,000. Bank of America Corp DE grew its holdings in iShares U.S. Insurance ETF by 4.5% in the first quarter. Bank of America Corp DE now owns 714,459 shares of the company’s stock valued at $61,172,000 after purchasing an additional 30,723 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in iShares U.S. Insurance ETF in the first quarter valued at $2,693,000.

iShares U.S. Insurance ETF Stock Performance

iShares U.S. Insurance ETF stock opened at $117.39 on Friday. The firm has a market capitalization of $475.43 million, a price-to-earnings ratio of 13.59 and a beta of 0.83. iShares U.S. Insurance ETF has a fifty-two week low of $82.29 and a fifty-two week high of $117.60. The stock’s fifty day moving average is $110.53 and its two-hundred day moving average is $101.50.

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.