iShares U.S. Insurance ETF $IAK Shares Sold by Tepp RIA LLC

Tepp RIA LLC trimmed its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 59.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,209 shares of the company’s stock after selling 9,063 shares during the quarter. iShares U.S. Insurance ETF makes up 0.9% of Tepp RIA LLC’s holdings, making the stock its 14th largest holding. Tepp RIA LLC’s holdings in iShares U.S. Insurance ETF were worth $832,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Martin & Co. Inc. TN grew its stake in iShares U.S. Insurance ETF by 0.3% during the 2nd quarter. Martin & Co. Inc. TN now owns 27,079 shares of the company’s stock valued at $3,641,000 after acquiring an additional 84 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. lifted its position in shares of iShares U.S. Insurance ETF by 4.7% in the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,911 shares of the company’s stock worth $257,000 after purchasing an additional 85 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of iShares U.S. Insurance ETF by 1.2% in the second quarter. Great Valley Advisor Group Inc. now owns 12,398 shares of the company’s stock worth $1,667,000 after purchasing an additional 152 shares in the last quarter. Leuthold Group LLC boosted its holdings in shares of iShares U.S. Insurance ETF by 2.7% during the second quarter. Leuthold Group LLC now owns 7,308 shares of the company’s stock worth $983,000 after purchasing an additional 189 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in shares of iShares U.S. Insurance ETF by 4.3% during the third quarter. Private Advisor Group LLC now owns 4,654 shares of the company’s stock worth $624,000 after purchasing an additional 193 shares during the period.

iShares U.S. Insurance ETF Stock Performance

Shares of IAK opened at $130.95 on Friday. The company has a market capitalization of $419.04 million, a PE ratio of 14.11 and a beta of 0.65. The company’s 50 day moving average price is $133.73 and its 200 day moving average price is $133.00. iShares U.S. Insurance ETF has a 52 week low of $119.23 and a 52 week high of $138.99.

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.