iShares U.S. Insurance ETF $IAK Shares Sold by Royal Bank of Canada

Royal Bank of Canada decreased its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 39.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,172 shares of the company’s stock after selling 29,515 shares during the period. Royal Bank of Canada owned about 1.65% of iShares U.S. Insurance ETF worth $5,924,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Wealthfront Advisers LLC raised its holdings in iShares U.S. Insurance ETF by 5.7% during the first quarter. Wealthfront Advisers LLC now owns 1,675 shares of the company’s stock worth $215,000 after purchasing an additional 90 shares in the last quarter. National Bank of Canada FI boosted its holdings in iShares U.S. Insurance ETF by 61.5% in the 3rd quarter. National Bank of Canada FI now owns 260 shares of the company’s stock valued at $35,000 after purchasing an additional 99 shares in the last quarter. Mariner LLC boosted its holdings in iShares U.S. Insurance ETF by 1.3% in the 4th quarter. Mariner LLC now owns 10,271 shares of the company’s stock valued at $1,398,000 after purchasing an additional 132 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in iShares U.S. Insurance ETF by 1.2% during the 2nd 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 during the period. Finally, Private Advisor Group LLC increased its position in iShares U.S. Insurance ETF by 4.3% during the 3rd quarter. Private Advisor Group LLC now owns 4,654 shares of the company’s stock worth $624,000 after purchasing an additional 193 shares during the period.

iShares U.S. Insurance ETF Trading Down 0.5%

Shares of IAK stock opened at $145.82 on Wednesday. The company has a market cap of $532.24 million, a price-to-earnings ratio of 14.11 and a beta of 0.51. The stock has a 50 day simple moving average of $142.25 and a 200-day simple moving average of $135.67. iShares U.S. Insurance ETF has a 12-month low of $124.62 and a 12-month high of $152.38.

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.