Sfmg LLC Takes Position in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Sfmg LLC purchased a new stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) in the 4th quarter, HoldingsChannel reports. The fund purchased 4,745 shares of the company’s stock, valued at approximately $475,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Citigroup Inc. acquired a new stake in shares of iShares U.S. Insurance ETF in the first quarter valued at about $28,000. Tower Research Capital LLC TRC acquired a new stake in shares of iShares U.S. Insurance ETF in the first quarter valued at about $54,000. Capital Analysts LLC acquired a new stake in shares of iShares U.S. Insurance ETF in the fourth quarter valued at about $65,000. Planned Solutions Inc. acquired a new stake in shares of iShares U.S. Insurance ETF in the fourth quarter valued at about $73,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of iShares U.S. Insurance ETF by 367.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 934 shares of the company’s stock valued at $94,000 after buying an additional 734 shares during the period.

iShares U.S. Insurance ETF Trading Down 1.0 %

Shares of IAK stock opened at $109.54 on Thursday. The stock has a market cap of $443.64 million, a price-to-earnings ratio of 13.59 and a beta of 0.83. The stock has a 50-day moving average of $112.63 and a 200-day moving average of $103.56. iShares U.S. Insurance ETF has a 1-year low of $82.29 and a 1-year high of $117.60.

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.