iShares U.S. Insurance ETF (NYSEARCA:IAK) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its position in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 84.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,821 shares of the company’s stock after acquiring an additional 4,027 shares during the quarter. Oppenheimer & Co. Inc. owned 0.16% of iShares U.S. Insurance ETF worth $1,138,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in iShares U.S. Insurance ETF in the second quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in iShares U.S. Insurance ETF in the third quarter valued at approximately $180,000. Larson Financial Group LLC increased its stake in iShares U.S. Insurance ETF by 5.5% in the second quarter. Larson Financial Group LLC now owns 1,661 shares of the company’s stock valued at $188,000 after purchasing an additional 86 shares during the last quarter. Legacy Capital Group California Inc. purchased a new position in iShares U.S. Insurance ETF in the third quarter valued at approximately $238,000. Finally, Saxony Capital Management LLC purchased a new position in iShares U.S. Insurance ETF in the second quarter valued at approximately $242,000.

iShares U.S. Insurance ETF Stock Up 0.5 %

Shares of iShares U.S. Insurance ETF stock opened at $133.51 on Tuesday. The firm has a market capitalization of $740.98 million, a P/E ratio of 17.19 and a beta of 0.40. iShares U.S. Insurance ETF has a 52 week low of $96.33 and a 52 week high of $133.82. The firm’s 50 day moving average is $129.58 and its two-hundred day moving average is $121.66.

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.