Tudor Financial Inc. Boosts Stake in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Tudor Financial Inc. increased its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,505 shares of the company’s stock after acquiring an additional 685 shares during the period. iShares U.S. Insurance ETF makes up about 1.8% of Tudor Financial Inc.’s portfolio, making the stock its 11th biggest holding. Tudor Financial Inc. owned about 0.44% of iShares U.S. Insurance ETF worth $3,099,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IAK. Financial Management Professionals Inc. grew its position in iShares U.S. Insurance ETF by 36.9% during the 4th quarter. Financial Management Professionals Inc. now owns 7,899 shares of the company’s stock worth $999,000 after purchasing an additional 2,128 shares during the period. AdvisorNet Financial Inc boosted its holdings in iShares U.S. Insurance ETF by 21.0% in the 4th quarter. AdvisorNet Financial Inc now owns 962 shares of the company’s stock worth $122,000 after buying an additional 167 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in iShares U.S. Insurance ETF in the 4th quarter worth about $7,720,000. Cadent Capital Advisors LLC lifted its stake in iShares U.S. Insurance ETF by 1.3% in the 4th quarter. Cadent Capital Advisors LLC now owns 39,408 shares of the company’s stock worth $4,984,000 after purchasing an additional 493 shares in the last quarter. Finally, Winthrop Advisory Group LLC lifted its stake in iShares U.S. Insurance ETF by 22.2% in the 4th quarter. Winthrop Advisory Group LLC now owns 3,066 shares of the company’s stock worth $388,000 after purchasing an additional 556 shares in the last quarter.

iShares U.S. Insurance ETF Stock Performance

IAK stock opened at $128.11 on Tuesday. The firm has a market cap of $711.01 million, a PE ratio of 17.19 and a beta of 0.40. The firm’s 50 day moving average price is $129.84 and its 200-day moving average price is $126.34. iShares U.S. Insurance ETF has a one year low of $101.85 and a one year high of $139.08.

About iShares U.S. Insurance ETF

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.