Raymond James Trust N.A. Acquires New Holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Raymond James Trust N.A. bought a new position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,718 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds also recently bought and sold shares of IAK. Moors & Cabot Inc. lifted its stake in iShares U.S. Insurance ETF by 18.9% during the third quarter. Moors & Cabot Inc. now owns 3,664 shares of the company’s stock worth $473,000 after purchasing an additional 583 shares in the last quarter. Stonebridge Financial Planning Group LLC lifted its stake in iShares U.S. Insurance ETF by 3.0% during the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 15,628 shares of the company’s stock worth $2,017,000 after acquiring an additional 462 shares in the last quarter. Prospera Financial Services Inc boosted its holdings in iShares U.S. Insurance ETF by 2.5% during the 3rd quarter. Prospera Financial Services Inc now owns 49,299 shares of the company’s stock valued at $6,362,000 after acquiring an additional 1,193 shares during the period. WESPAC Advisors SoCal LLC grew its position in iShares U.S. Insurance ETF by 1,097.2% in the 3rd quarter. WESPAC Advisors SoCal LLC now owns 50,523 shares of the company’s stock valued at $6,520,000 after acquiring an additional 46,303 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in iShares U.S. Insurance ETF by 84.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,821 shares of the company’s stock valued at $1,138,000 after acquiring an additional 4,027 shares in the last quarter.

iShares U.S. Insurance ETF Stock Up 0.4 %

Shares of IAK opened at $138.13 on Friday. iShares U.S. Insurance ETF has a fifty-two week low of $97.60 and a fifty-two week high of $139.08. The company has a market cap of $766.62 million, a P/E ratio of 17.19 and a beta of 0.40. The firm’s 50 day moving average price is $130.62 and its 200 day moving average price is $122.68.

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.