US Bancorp DE Increases Holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK)

US Bancorp DE increased its holdings in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 144.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,392 shares of the company’s stock after purchasing an additional 2,592 shares during the quarter. US Bancorp DE’s holdings in iShares U.S. Insurance ETF were worth $555,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in shares of iShares U.S. Insurance ETF by 8.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 20,300 shares of the company’s stock valued at $2,620,000 after purchasing an additional 1,636 shares during the last quarter. Atria Investments Inc boosted its stake in iShares U.S. Insurance ETF by 3.7% during the third quarter. Atria Investments Inc now owns 8,299 shares of the company’s stock worth $1,071,000 after buying an additional 297 shares during the period. Oppenheimer & Co. Inc. increased its position in iShares U.S. Insurance ETF by 84.0% during the third quarter. Oppenheimer & Co. Inc. now owns 8,821 shares of the company’s stock valued at $1,138,000 after acquiring an additional 4,027 shares during the last quarter. WESPAC Advisors SoCal LLC raised its stake in shares of iShares U.S. Insurance ETF by 1,097.2% in the third quarter. WESPAC Advisors SoCal LLC now owns 50,523 shares of the company’s stock valued at $6,520,000 after acquiring an additional 46,303 shares during the period. Finally, Prospera Financial Services Inc lifted its holdings in shares of iShares U.S. Insurance ETF by 2.5% in the 3rd quarter. Prospera Financial Services Inc now owns 49,299 shares of the company’s stock worth $6,362,000 after acquiring an additional 1,193 shares during the last quarter.

iShares U.S. Insurance ETF Price Performance

Shares of NYSEARCA IAK opened at $132.94 on Wednesday. iShares U.S. Insurance ETF has a 1 year low of $109.09 and a 1 year high of $139.08. The firm has a 50-day simple moving average of $128.94 and a two-hundred day simple moving average of $129.44. The company has a market cap of $737.82 million, a P/E ratio of 12.99 and a beta of 0.80.

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.