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17 June
Insiders Buy the Holdings of IAK ETF

A look at the weighted underlying holdings of the iShares U.S. Insurance ETF (Symbol: IAK) shows an impressive 10.7% of holdings on a weighted basis have experienced insider buying within the past six months.

Globe Life Inc (Symbol: GL), which makes up 0.91% of the iShares U.S. Insurance ETF (Symbol: IAK), has seen 7 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $5,476,323 worth of GL, making it the #24 largest holding. The table below details the recent insider buying activity observed at GL:

GL — last trade: $77.89 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
04/24/2024 James Brannen Director 2,000 $78.47 $156,940
04/24/2024 David A. Rodriguez Director 1,500 $79.72 $119,585
04/25/2024 Mark A. Blinn Director 2,000 $76.77 $153,540
05/16/2024 James Matthew Darden Co-Chairman & CEO 2,000 $84.82 $169,646
05/17/2024 Thomas Peter Kalmbach EVP & CFO 500 $84.43 $42,214
05/20/2024 Frank M. Svoboda Co-Chairman & CEO 2,500 $86.31 $215,764
05/21/2024 James Matthew Darden Co-Chairman & CEO 1,000 $82.78 $82,775
05/21/2024 Frank M. Svoboda Co-Chairman & CEO 2,500 $82.27 $205,684
05/28/2024 Robert Edward Hensley EVP & Chief Investment Officer 2,500 $82.17 $205,421

And AXIS Capital Holdings Ltd (Symbol: AXS), the #28 largest holding among components of the iShares U.S. Insurance ETF (Symbol: IAK), shows 3 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $4,324,613 worth of AXS, which represents approximately 0.72% of the ETF's total assets at last check. The recent insider buying activity observed at AXS is detailed in the table below:

AXS — last trade: $68.31 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
02/06/2024 Stanley A. Galanski Director 7,000 $58.45 $409,150
05/06/2024 W. Marston Becker Director 3,025 $66.58 $201,404
05/21/2024 Michael Millegan Director 1,400 $71.49 $100,086
05/28/2024 Stanley A. Galanski Director 2,000 $71.43 $142,860
Also see:

Income Calendar
MCHI Historical Stock Prices
MODV Stock Predictions

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.