SPC Financial Inc. Reduces Holdings in iShares U.S. Insurance ETF $IAK

SPC Financial Inc. trimmed its position in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) by 4.0% in the 2nd quarter, Holdings Channel reports. The firm owned 157,319 shares of the company’s stock after selling 6,520 shares during the period. iShares U.S. Insurance ETF accounts for approximately 1.8% of SPC Financial Inc.’s portfolio, making the stock its 18th largest position. SPC Financial Inc.’s holdings in iShares U.S. Insurance ETF were worth $21,153,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new position in iShares U.S. Insurance ETF during the first quarter worth $41,000. Focus Financial Network Inc. acquired a new position in iShares U.S. Insurance ETF during the first quarter worth $402,000. Sowell Financial Services LLC acquired a new position in iShares U.S. Insurance ETF during the first quarter worth $298,000. Copia Wealth Management acquired a new position in iShares U.S. Insurance ETF during the first quarter worth $125,000. Finally, Kingswood Wealth Advisors LLC boosted its stake in iShares U.S. Insurance ETF by 2.9% during the first quarter. Kingswood Wealth Advisors LLC now owns 4,838 shares of the company’s stock worth $667,000 after buying an additional 137 shares during the last quarter.

iShares U.S. Insurance ETF Stock Performance

NYSEARCA IAK opened at $131.83 on Friday. The stock’s fifty day moving average is $132.16 and its two-hundred day moving average is $131.96. The firm has a market capitalization of $659.15 million, a P/E ratio of 14.11 and a beta of 0.83. iShares U.S. Insurance ETF has a fifty-two week low of $119.23 and a fifty-two week high of $139.08.

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.