9,000 Shares in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Bought by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG bought a new position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) in the 4th quarter, Holdings Channel.com reports. The firm bought 9,000 shares of the company’s stock, valued at approximately $453,000.

Several other hedge funds also recently made changes to their positions in IAT. Farther Finance Advisors LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF in the third quarter valued at about $39,000. Global Trust Asset Management LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF in the fourth quarter valued at about $40,000. FMR LLC lifted its stake in shares of iShares U.S. Regional Banks ETF by 54.4% in the third quarter. FMR LLC now owns 1,762 shares of the company’s stock valued at $84,000 after purchasing an additional 621 shares during the period. Safe Harbor Fiduciary LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF in the third quarter valued at about $157,000. Finally, Finley Financial LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF in the fourth quarter valued at about $158,000.

iShares U.S. Regional Banks ETF Stock Up 0.6 %

Shares of NYSEARCA IAT opened at $52.36 on Friday. iShares U.S. Regional Banks ETF has a 52 week low of $38.75 and a 52 week high of $57.69. The firm has a 50-day moving average price of $51.96 and a 200 day moving average price of $50.25. The stock has a market capitalization of $753.98 million, a price-to-earnings ratio of 9.90 and a beta of 1.24.

About iShares U.S. Regional Banks ETF

The iShares U.S. Regional Banks ETF (IAT) is an exchange-traded fund that is based on the DJ US Select \u002F Regional Banks index. The fund tracks the performance of an index of small- and mid-cap regional banks. IAT was launched on May 1, 2006 and is managed by BlackRock.