Prospera Financial Services Inc Reduces Position in iShares U.S. Insurance ETF $IAK

Prospera Financial Services Inc lessened its holdings in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 96.4% in the 4th quarter, Holdings Channel reports. The fund owned 2,869 shares of the company’s stock after selling 75,794 shares during the quarter. Prospera Financial Services Inc’s holdings in iShares U.S. Insurance ETF were worth $391,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IAK. Jane Street Group LLC grew its stake in iShares U.S. Insurance ETF by 47.4% during the 1st quarter. Jane Street Group LLC now owns 23,906 shares of the company’s stock valued at $3,294,000 after acquiring an additional 7,689 shares in the last quarter. Creative Planning grew its stake in iShares U.S. Insurance ETF by 21.5% during the 2nd quarter. Creative Planning now owns 1,933 shares of the company’s stock valued at $260,000 after acquiring an additional 342 shares in the last quarter. NewEdge Advisors LLC grew its stake in iShares U.S. Insurance ETF by 9.1% during the 2nd quarter. NewEdge Advisors LLC now owns 26,783 shares of the company’s stock valued at $3,601,000 after acquiring an additional 2,230 shares in the last quarter. Raymond James Financial Inc. grew its stake in iShares U.S. Insurance ETF by 64.0% during the 2nd quarter. Raymond James Financial Inc. now owns 94,246 shares of the company’s stock valued at $12,672,000 after acquiring an additional 36,786 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in iShares U.S. Insurance ETF by 6.7% during the 2nd quarter. Bank of America Corp DE now owns 123,116 shares of the company’s stock valued at $16,554,000 after acquiring an additional 7,703 shares in the last quarter.

iShares U.S. Insurance ETF Stock Performance

Shares of NYSEARCA IAK opened at $128.37 on Monday. iShares U.S. Insurance ETF has a 12-month low of $124.62 and a 12-month high of $138.66. The stock has a market cap of $359.44 million, a PE ratio of 14.11 and a beta of 0.54. The company has a 50-day moving average of $130.89 and a 200 day moving average of $132.94.

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.