Ellis Investment Partners LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 5,750 shares of the company’s stock, valued at approximately $290,000.
Several other institutional investors also recently made changes to their positions in IAT. Sanctuary Advisors LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 2nd quarter valued at $227,000. Cadent Capital Advisors LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 3rd quarter valued at $1,409,000. International Assets Investment Management LLC grew its stake in shares of iShares U.S. Regional Banks ETF by 4,667.4% during the 3rd quarter. International Assets Investment Management LLC now owns 64,693 shares of the company’s stock valued at $3,076,000 after buying an additional 63,336 shares during the period. Gimbal Financial purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 3rd quarter valued at $4,280,000. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of iShares U.S. Regional Banks ETF by 8.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,042 shares of the company’s stock valued at $240,000 after buying an additional 396 shares during the period.
iShares U.S. Regional Banks ETF Stock Up 0.6 %
Shares of NYSEARCA IAT opened at $52.36 on Monday. 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 fifty day moving average of $51.96 and a 200-day moving average of $50.26. The stock has a market capitalization of $753.98 million, a PE 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.
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