iShares U.S. Insurance ETF (NYSEARCA:IAK) Shares Sold by Legend Financial Advisors Inc.

Legend Financial Advisors Inc. reduced its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 53,330 shares of the company’s stock after selling 734 shares during the period. iShares U.S. Insurance ETF accounts for about 4.8% of Legend Financial Advisors Inc.’s holdings, making the stock its 11th biggest holding. Legend Financial Advisors Inc. owned 0.96% of iShares U.S. Insurance ETF worth $6,745,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in IAK. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of iShares U.S. Insurance ETF during the third quarter worth about $180,000. Raymond James Trust N.A. acquired a new position in shares of iShares U.S. Insurance ETF in the third quarter valued at approximately $222,000. Larson Financial Group LLC raised its stake in shares of 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 worth $228,000 after purchasing an additional 105 shares during the last quarter. Legacy Capital Group California Inc. purchased a new position in iShares U.S. Insurance ETF during the 3rd quarter worth $238,000. Finally, L.M. Kohn & Company acquired a new stake in iShares U.S. Insurance ETF in the third quarter valued at about $250,000.

iShares U.S. Insurance ETF Stock Performance

IAK traded up $0.60 during trading on Tuesday, reaching $125.38. The company’s stock had a trading volume of 41,315 shares, compared to its average volume of 56,129. The company has a market capitalization of $695.86 million, a price-to-earnings ratio of 17.19 and a beta of 0.40. The company’s fifty day moving average price is $130.36 and its 200-day moving average price is $125.51. iShares U.S. Insurance ETF has a 52-week low of $100.50 and a 52-week 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.