Oppenheimer & Co. Inc. Increases Stock Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Oppenheimer & Co. Inc. lifted its holdings in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 84.0% during the third quarter, HoldingsChannel.com reports. The fund owned 8,821 shares of the company’s stock after purchasing an additional 4,027 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in iShares U.S. Insurance ETF were worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of IAK. Spectrum Wealth Counsel LLC grew its position in shares of iShares U.S. Insurance ETF by 12,119.3% during the second quarter. Spectrum Wealth Counsel LLC now owns 53,765 shares of the company’s stock worth $6,071,000 after acquiring an additional 53,325 shares during the last quarter. Private Advisor Group LLC grew its position in shares of iShares U.S. Insurance ETF by 299.0% during the second quarter. Private Advisor Group LLC now owns 50,724 shares of the company’s stock worth $5,728,000 after acquiring an additional 38,012 shares during the last quarter. Silverleafe Capital Partners LLC purchased a new position in shares of iShares U.S. Insurance ETF during the second quarter worth approximately $3,967,000. Lee Danner & Bass Inc. purchased a new position in shares of iShares U.S. Insurance ETF during the second quarter worth approximately $3,845,000. Finally, International Assets Investment Management LLC grew its position in shares of iShares U.S. Insurance ETF by 12,831.8% during the third quarter. International Assets Investment Management LLC now owns 30,907 shares of the company’s stock worth $3,989,000 after acquiring an additional 30,668 shares during the last quarter.

iShares U.S. Insurance ETF Price Performance

Shares of NYSEARCA IAK opened at $133.51 on Tuesday. The stock has a fifty day moving average price of $129.58 and a 200 day moving average price of $121.66. iShares U.S. Insurance ETF has a 1-year low of $96.33 and a 1-year high of $133.82. The company has a market cap of $740.98 million, a PE ratio of 17.19 and a beta of 0.40.

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.