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iShares US Insurance ETF
IAK

27 hedge funds and large institutions have $43.5M invested in iShares US Insurance ETF in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 5 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

160% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 5

133% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 3

17% more funds holding

Funds holding: 23 → 27 (+4)

10% more capital invested

Capital invested by funds: $39.4M → $43.5M (+$4.11M)

3.95% less ownership

Funds ownership: 33.32% → 29.37% (-4%)

Holders
27
Holders Change
+4
Holders Change %
+17.39%
% of All Funds
0.88%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
13
Reduced
5
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.05M
2
TH
Timber Hill
Connecticut
+$555K
3
FAAS
First Allied Advisory Services
California
+$525K
4
Bank of America
Bank of America
North Carolina
+$432K
5
SNC
Stifel Nicolaus & Co
Missouri
+$367K

Top Sellers

1
Citigroup
Citigroup
New York
-$2.13M
2
Morgan Stanley
Morgan Stanley
New York
-$1.31M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$922K
4
JCM
Janney Capital Management
Pennsylvania
-$111K
5
PFO
Pathstone Family Office
New Jersey
-$81K
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
26
PNC Financial Services Group
Pennsylvania
$14K +$4.69K +110 +55%
Fifth Third Bancorp
27
Fifth Third Bancorp
Ohio
$4K – – –
Susquehanna International Group
28
Susquehanna International Group
Pennsylvania
– -$922K -22,636 Closed
PFO
29
Pathstone Family Office
New Jersey
– -$81K -1,981 Closed
CA
30
CapWealth Advisors
Tennessee
– -$12K -300 Closed
1
2

IAK Hedge Fund Activity: Q3 2013 in Review

27 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in iShares US Insurance ETF (IAK) for Q3 2013, worth a combined $43.5M — up 10% from $39.4M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new IAK positions and 3 closed out — a net gain of 4 holders — while 13 added to existing stakes and 5 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $2.05M. The largest seller was Citigroup, cutting an estimated $2.13M.

  • 27 institutional investors held iShares US Insurance ETF (IAK) as of Q3 2013, up from 23 in Q2 2013.
  • Funds reported $43.5M of iShares US Insurance ETF stock for Q3 2013, up 10% quarter-over-quarter.
  • 7 funds opened new iShares US Insurance ETF positions in Q3 2013 and 3 closed out, a net change of +4 holders.
  • The largest iShares US Insurance ETF buyer in Q3 2013 was Royal Bank of Canada, an estimated $2.05M added.
  • The largest iShares US Insurance ETF seller in Q3 2013 was Citigroup, an estimated $2.13M sold.

Based on aggregated 13F filings for Q3 2013.