Tepp RIA LLC Trims Stock Holdings in iShares U.S. Insurance ETF $IAK

Tepp RIA LLC cut its holdings in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 59.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,209 shares of the company’s stock after selling 9,063 shares during the quarter. iShares U.S. Insurance ETF makes up approximately 0.9% of Tepp RIA LLC’s holdings, making the stock its 14th largest holding. Tepp RIA LLC owned about 0.13% of iShares U.S. Insurance ETF worth $832,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Regal Investment Advisors LLC purchased a new position in shares of iShares U.S. Insurance ETF during the 3rd quarter valued at approximately $849,000. Private Advisor Group LLC grew its position in shares of iShares U.S. Insurance ETF by 4.3% during the third quarter. Private Advisor Group LLC now owns 4,654 shares of the company’s stock worth $624,000 after buying an additional 193 shares in the last quarter. PFG Advisors bought a new stake in shares of iShares U.S. Insurance ETF in the third quarter worth $1,797,000. Aptus Capital Advisors LLC acquired a new stake in iShares U.S. Insurance ETF in the third quarter valued at $59,000. Finally, MAI Capital Management acquired a new stake in iShares U.S. Insurance ETF in the third quarter valued at $31,000.

iShares U.S. Insurance ETF Price Performance

NYSEARCA IAK opened at $130.95 on Friday. The company has a market capitalization of $419.04 million, a price-to-earnings ratio of 14.11 and a beta of 0.65. iShares U.S. Insurance ETF has a 12 month low of $119.23 and a 12 month high of $138.99. The company’s fifty day moving average price is $133.73 and its two-hundred day moving average price is $133.00.

iShares U.S. Insurance ETF 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.