Private Advisor Group LLC Sells 1,095 Shares of iShares U.S. Insurance ETF (NYSEARCA:IAK)

Private Advisor Group LLC lowered its holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,307 shares of the company’s stock after selling 1,095 shares during the quarter. Private Advisor Group LLC owned 0.74% of iShares U.S. Insurance ETF worth $5,224,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IAK. International Assets Investment Management LLC increased its stake in iShares U.S. Insurance ETF by 12,831.8% in the third quarter. International Assets Investment Management LLC now owns 30,907 shares of the company’s stock valued at $3,989,000 after acquiring an additional 30,668 shares during the period. Legacy Capital Group California Inc. bought a new stake in iShares U.S. Insurance ETF in the third quarter valued at about $238,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in iShares U.S. Insurance ETF in the third quarter valued at about $180,000. Financial Management Professionals Inc. acquired a new position in iShares U.S. Insurance ETF in the third quarter valued at about $745,000. Finally, Leuthold Group LLC acquired a new position in iShares U.S. Insurance ETF in the third quarter valued at about $2,565,000.

iShares U.S. Insurance ETF Stock Down 0.9 %

NYSEARCA:IAK opened at $127.99 on Friday. The firm has a market cap of $710.34 million, a PE ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a 12 month low of $109.09 and a 12 month high of $139.08. The company’s 50-day moving average price is $127.37 and its two-hundred day moving average price is $128.25.

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.