iShares U.S. Insurance ETF (NYSEARCA:IAK) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 7.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,526 shares of the company’s stock after selling 10,203 shares during the period. Stifel Financial Corp’s holdings in iShares U.S. Insurance ETF were worth $16,587,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in IAK. Winthrop Advisory Group LLC acquired a new position in shares of iShares U.S. Insurance ETF during the 2nd quarter worth $272,000. Raymond James & Associates grew its position in iShares U.S. Insurance ETF by 1.9% during the second quarter. Raymond James & Associates now owns 20,711 shares of the company’s stock worth $2,339,000 after buying an additional 387 shares during the period. Capital Advisory Group Advisory Services LLC increased its holdings in iShares U.S. Insurance ETF by 13.2% in the second quarter. Capital Advisory Group Advisory Services LLC now owns 12,181 shares of the company’s stock valued at $1,375,000 after buying an additional 1,425 shares in the last quarter. Silverleafe Capital Partners LLC acquired a new stake in shares of iShares U.S. Insurance ETF during the 2nd quarter valued at approximately $3,967,000. Finally, RPS Advisory Solutions LLC purchased a new stake in shares of iShares U.S. Insurance ETF during the 2nd quarter worth approximately $1,201,000.

iShares U.S. Insurance ETF Price Performance

NYSEARCA IAK opened at $129.21 on Wednesday. The business has a 50 day moving average price of $131.58 and a 200 day moving average price of $123.84. The company has a market capitalization of $717.12 million, a P/E ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a 1-year low of $97.60 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.