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iShares US Insurance ETF
IAK

46 hedge funds and large institutions have $82.2M invested in iShares US Insurance ETF in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 1

50% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 10

23% more capital invested

Capital invested by funds: $66.8M → $82.2M (+$15.4M)

12% more funds holding

Funds holding: 41 → 46 (+5)

7.03% more ownership

Funds ownership: 44.18% → 51.21% (+7%)

Holders
46
Holders Change
+5
Holders Change %
+12.2%
% of All Funds
1.15%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
15
Reduced
10
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BWFA
Baltimore-Washington Financial Advisors
Maryland
+$5.1M
2
MC
Martin & Co
Tennessee
+$4.17M
3
Jane Street
Jane Street
New York
+$2.54M
4
Morgan Stanley
Morgan Stanley
New York
+$1.93M
5
Goldman Sachs
Goldman Sachs
New York
+$1.84M

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$2.17M
2
Citadel Advisors
Citadel Advisors
Florida
-$733K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$586K
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$491K
5
OC
Oppenheimer & Co
New York
-$312K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$17.4M +$1.93M +31,900 +13%
Bank of America
2
Bank of America
North Carolina
$7.98M -$2.17M -35,880 -21%
Wells Fargo
3
Wells Fargo
California
$7.9M +$40.9K +676 +0.5%
BCI
4
Brinker Capital Investments
Pennsylvania
$6.52M +$605K +10,000 +10%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$6.05M +$250K +4,124 +4%
BWFA
6
Baltimore-Washington Financial Advisors
Maryland
$5.77M +$5.1M +84,243 +773%
Jane Street
7
Jane Street
New York
$4.54M +$2.54M +42,003 +128%
MC
8
Martin & Co
Tennessee
$4.18M +$4.17M +69,000 New
Goldman Sachs
9
Goldman Sachs
New York
$3.03M +$1.84M +30,469 +156%
MWM
10
MinichMacGregor Wealth Management
New York
$3.02M +$49.4K +817 +2%
HBT
11
Hills Bank & Trust
Iowa
$2.93M -$40.8K -675 -1%
OC
12
Oppenheimer & Co
New York
$1.57M -$312K -5,159 -17%
RJA
13
Raymond James & Associates
Florida
$1.17M +$274K +4,533 +31%
UBS Group
14
UBS Group
Switzerland
$1.1M +$142K +2,348 +15%
Stifel Financial
15
Stifel Financial
Missouri
$1.03M -$28.1K -465 -3%
RJFSA
16
Raymond James Financial Services Advisors
Florida
$866K -$491K -8,117 -36%
LPL Financial
17
LPL Financial
California
$801K +$130K +2,153 +19%
CS
18
Credit Suisse
Switzerland
$673K +$672K +11,103 New
LTFS
19
Ladenburg Thalmann Financial Services
Florida
$633K +$16.6K +274 +3%
FHC
20
First Heartland Consultants
Missouri
$595K -$131K -2,169 -18%
BHB
21
Bank Hapoalim BM
Israel
$446K -$4.54K -75 -1%
Janney Montgomery Scott
22
Janney Montgomery Scott
Pennsylvania
$424K – – –
MAS
23
Madden Advisory Services
Florida
$391K – – –
IA
24
IFP Advisors
Florida
$376K -$38.6K -638 -9%
CIBC World Market
25
CIBC World Market
Ontario, Canada
$297K +$297K +4,905 New
1
2

IAK Hedge Fund Activity: Q1 2017 in Review

46 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in iShares US Insurance ETF (IAK) for Q1 2017, worth a combined $82.2M — up 23% from $66.8M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new IAK positions and 1 closed out — a net gain of 6 holders — while 15 added to existing stakes and 10 trimmed.

The largest buyer was Baltimore-Washington Financial Advisors, adding an estimated $5.1M. The largest seller was Bank of America, cutting an estimated $2.17M.

  • 46 institutional investors held iShares US Insurance ETF (IAK) as of Q1 2017, up from 41 in Q4 2016.
  • Funds reported $82.2M of iShares US Insurance ETF stock for Q1 2017, up 23% quarter-over-quarter.
  • 7 funds opened new iShares US Insurance ETF positions in Q1 2017 and 1 closed out, a net change of +6 holders.
  • The largest iShares US Insurance ETF buyer in Q1 2017 was Baltimore-Washington Financial Advisors, an estimated $5.1M added.
  • The largest iShares US Insurance ETF seller in Q1 2017 was Bank of America, an estimated $2.17M sold.

Based on aggregated 13F filings for Q1 2017.