Stonebridge Financial Planning Group LLC Sells 8,805 Shares of iShares U.S. Insurance ETF (NYSEARCA:IAK)

Stonebridge Financial Planning Group LLC lowered its stake in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 34.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,693 shares of the company’s stock after selling 8,805 shares during the period. iShares U.S. Insurance ETF makes up approximately 1.0% of Stonebridge Financial Planning Group LLC’s holdings, making the stock its 29th biggest position. Stonebridge Financial Planning Group LLC owned approximately 0.41% of iShares U.S. Insurance ETF worth $1,671,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in IAK. Kestra Private Wealth Services LLC raised its stake in iShares U.S. Insurance ETF by 46.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,425 shares of the company’s stock valued at $443,000 after buying an additional 1,406 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new stake in iShares U.S. Insurance ETF during the fourth quarter valued at $651,000. Atria Wealth Solutions Inc. lifted its holdings in iShares U.S. Insurance ETF by 22.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 9,161 shares of the company’s stock valued at $917,000 after acquiring an additional 1,651 shares during the period. Larson Financial Group LLC boosted its position in iShares U.S. Insurance ETF by 13.0% in the fourth quarter. Larson Financial Group LLC now owns 1,269 shares of the company’s stock worth $127,000 after purchasing an additional 146 shares during the last quarter. Finally, Lee Danner & Bass Inc. grew its stake in shares of iShares U.S. Insurance ETF by 965.4% during the 4th quarter. Lee Danner & Bass Inc. now owns 40,859 shares of the company’s stock valued at $4,091,000 after purchasing an additional 37,024 shares during the period.

iShares U.S. Insurance ETF Stock Performance

Shares of NYSEARCA IAK traded down $0.08 during midday trading on Tuesday, hitting $111.64. 37,714 shares of the company’s stock traded hands, compared to its average volume of 76,005. The stock has a market capitalization of $602.86 million, a price-to-earnings ratio of 16.78 and a beta of 0.48. The firm has a fifty day moving average of $113.24 and a 200 day moving average of $104.81. 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.