Hills Bank & Trust Co. Cuts Stake in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Hills Bank & Trust Co. lowered its stake in iShares U.S. Insurance ETF (NYSEARCA:IAK) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,942 shares of the company’s stock after selling 544 shares during the quarter. Hills Bank & Trust Co. owned approximately 2.53% of iShares U.S. Insurance ETF worth $2,733,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of IAK. Harvest Investment Services LLC purchased a new position in iShares U.S. Insurance ETF in the 2nd quarter worth approximately $202,000. Advisor Group Inc. increased its stake in iShares U.S. Insurance ETF by 12.2% in the 2nd quarter. Advisor Group Inc. now owns 1,982 shares of the company’s stock worth $141,000 after purchasing an additional 216 shares during the period. Envestnet Asset Management Inc. increased its stake in iShares U.S. Insurance ETF by 13.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,156 shares of the company’s stock worth $294,000 after purchasing an additional 490 shares during the period. Bank Hapoalim BM purchased a new position in iShares U.S. Insurance ETF in the 2nd quarter worth approximately $208,000. Finally, Wells Fargo & Company MN increased its stake in iShares U.S. Insurance ETF by 3.1% in the 2nd quarter. Wells Fargo & Company MN now owns 17,135 shares of the company’s stock worth $1,211,000 after purchasing an additional 508 shares during the period.

iShares U.S. Insurance ETF stock traded up $0.08 during trading hours on Friday, reaching $71.02. The company had a trading volume of 1,466 shares, compared to its average volume of 8,763. iShares U.S. Insurance ETF has a 12-month low of $54.11 and a 12-month high of $72.98. The company has a 50-day moving average price of $70.41 and a 200 day moving average price of $70.07.

Further Reading: Fundamental Analysis

Institutional Ownership by Quarter for iShares U.S. Insurance ETF (NYSEARCA:IAK)

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