Leuthold Group LLC Purchases New Shares in iShares U.S. Insurance ETF $IAK

Leuthold Group LLC purchased a new stake in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,794 shares of the company’s stock, valued at approximately $1,734,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IAK. Parallel Advisors LLC lifted its position in iShares U.S. Insurance ETF by 397.2% during the third quarter. Parallel Advisors LLC now owns 3,585 shares of the company’s stock valued at $486,000 after buying an additional 2,864 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of iShares U.S. Insurance ETF during the 3rd quarter valued at $200,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of iShares U.S. Insurance ETF in the 3rd quarter worth about $309,000. D.A. Davidson & CO. purchased a new stake in shares of iShares U.S. Insurance ETF in the 3rd quarter worth about $1,149,000. Finally, Sonata Capital Group Inc. purchased a new stake in shares of iShares U.S. Insurance ETF in the 3rd quarter worth about $413,000.

iShares U.S. Insurance ETF Price Performance

Shares of iShares U.S. Insurance ETF stock opened at $152.23 on Wednesday. The company has a 50-day moving average of $143.95 and a 200 day moving average of $138.40. The firm has a market cap of $494.75 million, a price-to-earnings ratio of 14.11 and a beta of 0.47. iShares U.S. Insurance ETF has a 1 year low of $125.38 and a 1 year high of $156.68.

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.