Sand Hill Global Advisors LLC purchased a new stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,090 shares of the company’s stock, valued at approximately $206,000.
Several other institutional investors also recently made changes to their positions in IAT. Global Trust Asset Management LLC purchased a new position in shares of iShares U.S. Regional Banks ETF in the 4th quarter worth $40,000. FMR LLC increased its stake in iShares U.S. Regional Banks ETF by 54.4% during the third quarter. FMR LLC now owns 1,762 shares of the company’s stock worth $84,000 after acquiring an additional 621 shares during the last quarter. Finley Financial LLC purchased a new position in shares of iShares U.S. Regional Banks ETF in the 4th quarter worth about $158,000. PNC Financial Services Group Inc. lifted its stake in shares of iShares U.S. Regional Banks ETF by 38.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,409 shares of the company’s stock valued at $172,000 after purchasing an additional 940 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 3rd quarter worth about $212,000.
iShares U.S. Regional Banks ETF Stock Performance
NYSEARCA IAT opened at $39.71 on Wednesday. The firm has a market capitalization of $617.49 million, a price-to-earnings ratio of 10.45 and a beta of 0.96. iShares U.S. Regional Banks ETF has a one year low of $38.30 and a one year high of $57.69. The company’s 50 day moving average price is $48.48 and its 200 day moving average price is $50.41.
iShares U.S. Regional Banks ETF Company Profile
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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