Genesee Capital Advisors LLC Grows Stake in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Genesee Capital Advisors LLC grew its holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,554 shares of the company’s stock after purchasing an additional 342 shares during the quarter. Genesee Capital Advisors LLC owned approximately 0.17% of iShares U.S. Insurance ETF worth $1,208,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. AdvisorNet Financial Inc lifted its position in iShares U.S. Insurance ETF by 21.0% during the fourth quarter. AdvisorNet Financial Inc now owns 962 shares of the company’s stock valued at $122,000 after acquiring an additional 167 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares U.S. Insurance ETF in the 3rd quarter valued at about $180,000. Raymond James Trust N.A. acquired a new stake in iShares U.S. Insurance ETF during the third quarter worth about $222,000. Larson Financial Group LLC raised its position in iShares U.S. Insurance ETF by 6.3% during the third quarter. Larson Financial Group LLC now owns 1,766 shares of the company’s stock valued at $228,000 after acquiring an additional 105 shares in the last quarter. Finally, Legacy Capital Group California Inc. acquired a new position in iShares U.S. Insurance ETF in the third quarter valued at approximately $238,000.

iShares U.S. Insurance ETF Stock Performance

Shares of NYSEARCA IAK opened at $129.34 on Wednesday. The company has a market capitalization of $717.84 million, a PE ratio of 17.19 and a beta of 0.40. The company’s fifty day moving average price is $129.27 and its 200 day moving average price is $126.97. iShares U.S. Insurance ETF has a 1 year low of $104.00 and a 1 year high of $139.08.

iShares U.S. Insurance ETF 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.