iShares U.S. Insurance ETF (NYSEARCA:IAK) Shares Bought by Fmr LLC

Fmr LLC grew its holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 64.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,603 shares of the company’s stock after buying an additional 1,021 shares during the quarter. Fmr LLC’s holdings in iShares U.S. Insurance ETF were worth $336,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in shares of iShares U.S. Insurance ETF in the 2nd quarter valued at about $27,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in iShares U.S. Insurance ETF in the third quarter worth approximately $180,000. Larson Financial Group LLC grew its holdings in iShares U.S. Insurance ETF by 5.5% during the 2nd quarter. Larson Financial Group LLC now owns 1,661 shares of the company’s stock worth $188,000 after acquiring an additional 86 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in shares of iShares U.S. Insurance ETF in the 3rd quarter valued at approximately $222,000. Finally, Legacy Capital Group California Inc. acquired a new stake in shares of iShares U.S. Insurance ETF in the 3rd quarter valued at $238,000.

iShares U.S. Insurance ETF Stock Up 1.3 %

IAK stock opened at $126.02 on Friday. The stock has a market cap of $699.41 million, a price-to-earnings ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a fifty-two week low of $97.60 and a fifty-two week high of $139.08. The business has a 50 day moving average price of $131.36 and a 200 day moving average price of $124.46.

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.