UBS Group AG Sells 8,035 Shares of iShares U.S. Insurance ETF $IAK

UBS Group AG lessened its holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 11.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,302 shares of the company’s stock after selling 8,035 shares during the quarter. UBS Group AG’s holdings in iShares U.S. Insurance ETF were worth $8,210,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. National Bank of Canada FI lifted its position in shares of iShares U.S. Insurance ETF by 61.5% in the third quarter. National Bank of Canada FI now owns 260 shares of the company’s stock worth $35,000 after purchasing an additional 99 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. Private Advisor Group LLC lifted its position in shares of iShares U.S. Insurance ETF by 4.3% in 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 in the last quarter. Genesee Capital Advisors LLC lifted its position in shares of iShares U.S. Insurance ETF by 1.8% in the third quarter. Genesee Capital Advisors LLC now owns 10,762 shares of the company’s stock worth $1,442,000 after purchasing an additional 194 shares in the last quarter. Finally, MAI Capital Management bought a new stake in shares of iShares U.S. Insurance ETF in the third quarter worth $31,000.

iShares U.S. Insurance ETF Price Performance

Shares of IAK stock opened at $132.01 on Monday. The company’s fifty day simple moving average is $130.65 and its 200-day simple moving average is $132.58. The firm has a market cap of $369.63 million, a PE ratio of 14.11 and a beta of 0.54. iShares U.S. Insurance ETF has a 12 month low of $124.62 and a 12 month high of $138.66.

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.