Legend Financial Advisors Inc. Decreases Holdings in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Legend Financial Advisors Inc. lowered its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 53,330 shares of the company’s stock after selling 734 shares during the quarter. iShares U.S. Insurance ETF accounts for approximately 4.8% of Legend Financial Advisors Inc.’s holdings, making the stock its 11th largest holding. Legend Financial Advisors Inc.’s holdings in iShares U.S. Insurance ETF were worth $6,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of IAK. Winthrop Advisory Group LLC grew its holdings in iShares U.S. Insurance ETF by 4.1% in the third quarter. Winthrop Advisory Group LLC now owns 2,510 shares of the company’s stock valued at $324,000 after purchasing an additional 100 shares during the last quarter. Larson Financial Group LLC raised its position in shares of iShares U.S. Insurance ETF by 6.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,766 shares of the company’s stock worth $228,000 after purchasing an additional 105 shares during the last quarter. Sonata Capital Group Inc. grew its holdings in iShares U.S. Insurance ETF by 4.2% during the 3rd quarter. Sonata Capital Group Inc. now owns 3,750 shares of the company’s stock valued at $484,000 after buying an additional 150 shares during the last quarter. KKM Financial LLC increased its position in iShares U.S. Insurance ETF by 2.2% during the third quarter. KKM Financial LLC now owns 9,148 shares of the company’s stock worth $1,181,000 after buying an additional 197 shares in the last quarter. Finally, Atria Investments Inc raised its stake in iShares U.S. Insurance ETF by 3.7% in the 3rd quarter. Atria Investments Inc now owns 8,299 shares of the company’s stock valued at $1,071,000 after purchasing an additional 297 shares during the last quarter.

iShares U.S. Insurance ETF Trading Up 0.5 %

Shares of iShares U.S. Insurance ETF stock traded up $0.60 during mid-day trading on Tuesday, hitting $125.38. 41,315 shares of the stock were exchanged, compared to its average volume of 56,129. The company has a 50-day simple moving average of $130.36 and a 200 day simple moving average of $125.51. The stock has a market capitalization of $695.86 million, a price-to-earnings ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a twelve month low of $100.50 and a twelve month high of $139.08.

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.