Leuthold Group LLC Reduces Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Leuthold Group LLC decreased its holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,100 shares of the company’s stock after selling 2,778 shares during the quarter. Leuthold Group LLC’s holdings in iShares U.S. Insurance ETF were worth $2,163,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its stake in iShares U.S. Insurance ETF by 21.0% during the 4th 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 stake in shares of iShares U.S. Insurance ETF in the 3rd quarter valued at about $180,000. Spire Wealth Management lifted its position in shares of iShares U.S. Insurance ETF by 16.7% during the fourth quarter. Spire Wealth Management now owns 1,735 shares of the company’s stock worth $219,000 after purchasing an additional 248 shares during the last quarter. Raymond James Trust N.A. acquired a new position in iShares U.S. Insurance ETF in the third quarter worth about $222,000. Finally, Larson Financial Group LLC grew its stake in iShares U.S. Insurance ETF by 6.3% in 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 in the last quarter.

iShares U.S. Insurance ETF Stock Down 0.9 %

Shares of NYSEARCA IAK opened at $127.99 on Friday. The stock’s 50 day moving average price is $127.37 and its two-hundred day moving average price is $128.25. iShares U.S. Insurance ETF has a 52-week low of $109.09 and a 52-week high of $139.08. The stock has a market capitalization of $710.34 million, a P/E ratio of 17.19 and a beta of 0.40.

iShares U.S. Insurance ETF Company 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.