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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.05M |
| 2 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$555K |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$525K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$432K |
| 5 |
SNC
Stifel Nicolaus & Co
St Louis,
Missouri
|
+$367K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$2.13M |
| 2 |
Morgan Stanley
New York
|
-$1.31M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$922K |
| 4 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
-$111K |
| 5 |
PFO
Pathstone Family Office
Englewood,
New Jersey
|
-$81K |
IAK Hedge Fund Activity: Q3 2013 in Review
27 of the 3,096 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.