Founders Financial Securities LLC lowered its stake in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK – Free Report) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,860 shares of the company’s stock after selling 206 shares during the period. Founders Financial Securities LLC owned approximately 0.86% of iShares U.S. Insurance ETF worth $4,092,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Tortoise Investment Management LLC purchased a new stake in iShares U.S. Insurance ETF during the fourth quarter valued at about $34,000. Capital Analysts LLC purchased a new position in iShares U.S. Insurance ETF in the fourth quarter valued at approximately $65,000. Planned Solutions Inc. acquired a new position in iShares U.S. Insurance ETF during the fourth quarter valued at approximately $73,000. Geneos Wealth Management Inc. grew its stake in iShares U.S. Insurance ETF by 367.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 934 shares of the company’s stock worth $94,000 after buying an additional 734 shares during the period. Finally, Larson Financial Group LLC raised its stake in shares of iShares U.S. Insurance ETF by 13.0% in the 4th quarter. Larson Financial Group LLC now owns 1,269 shares of the company’s stock valued at $127,000 after acquiring an additional 146 shares during the period.
iShares U.S. Insurance ETF Stock Performance
iShares U.S. Insurance ETF stock traded down $1.10 during trading on Friday, reaching $112.92. 34,128 shares of the company’s stock were exchanged, compared to its average volume of 75,055. iShares U.S. Insurance ETF has a 52-week low of $85.86 and a 52-week high of $117.99. The firm has a market cap of $626.71 million, a price-to-earnings ratio of 17.19 and a beta of 0.40. The company’s 50-day moving average is $114.32 and its two-hundred day moving average is $110.33.
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.
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