Leuthold Group LLC Cuts Stake in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Leuthold Group LLC lowered its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 14.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,100 shares of the company’s stock after selling 2,778 shares during the quarter. Leuthold Group LLC owned 0.31% of iShares U.S. Insurance ETF worth $2,163,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Winthrop Advisory Group LLC raised its stake in shares of iShares U.S. Insurance ETF by 4.1% in the 3rd quarter. Winthrop Advisory Group LLC now owns 2,510 shares of the company’s stock valued at $324,000 after acquiring an additional 100 shares during the period. Larson Financial Group LLC increased its holdings in iShares U.S. Insurance ETF by 6.3% in the 3rd quarter. Larson Financial Group LLC now owns 1,766 shares of the company’s stock valued at $228,000 after purchasing an additional 105 shares in the last quarter. Sonata Capital Group Inc. raised its position in iShares U.S. Insurance ETF by 4.2% in the third quarter. Sonata Capital Group Inc. now owns 3,750 shares of the company’s stock valued at $484,000 after purchasing an additional 150 shares during the period. AdvisorNet Financial Inc raised its position in iShares U.S. Insurance ETF by 21.0% in the fourth quarter. AdvisorNet Financial Inc now owns 962 shares of the company’s stock valued at $122,000 after purchasing an additional 167 shares during the period. Finally, Kingswood Wealth Advisors LLC boosted its position in shares of iShares U.S. Insurance ETF by 4.1% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 4,701 shares of the company’s stock worth $595,000 after buying an additional 186 shares during the period.

iShares U.S. Insurance ETF Stock Performance

Shares of NYSEARCA:IAK opened at $127.99 on Friday. iShares U.S. Insurance ETF has a one year low of $109.09 and a one year high of $139.08. The business’s 50-day simple moving average is $127.37 and its 200 day simple moving average is $128.25. The company has a market cap 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.