Tepp RIA LLC Invests $466,000 in iShares U.S. Insurance ETF (NYSEARCA:IAK)

Tepp RIA LLC acquired a new stake in shares of iShares U.S. Insurance ETF (NYSEARCA:IAK) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 3,687 shares of the company’s stock, valued at approximately $466,000. iShares U.S. Insurance ETF comprises 0.7% of Tepp RIA LLC’s investment portfolio, making the stock its 15th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in iShares U.S. Insurance ETF during the 4th quarter worth approximately $8,119,000. GGM Financials LLC bought a new stake in shares of iShares U.S. Insurance ETF during the 4th quarter valued at $7,878,000. Castleark Management LLC purchased a new position in shares of iShares U.S. Insurance ETF during the 3rd quarter valued at $8,010,000. Miracle Mile Advisors LLC bought a new position in iShares U.S. Insurance ETF in the 4th quarter worth $7,720,000. Finally, Hollencrest Capital Management purchased a new stake in iShares U.S. Insurance ETF in the 4th quarter worth $4,557,000.

iShares U.S. Insurance ETF Stock Up 0.4 %

NYSEARCA:IAK opened at $137.01 on Friday. The business’s 50-day simple moving average is $131.42 and its two-hundred day simple moving average is $130.21. iShares U.S. Insurance ETF has a 52 week low of $109.09 and a 52 week high of $139.08. The stock has a market cap of $801.51 million, a PE ratio of 12.85 and a beta of 0.80.

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.