Independent Advisor Alliance acquired a new stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 61,416 shares of the company’s stock, valued at approximately $3,093,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MinichMacGregor Wealth Management LLC bought a new stake in shares of iShares U.S. Regional Banks ETF in the fourth quarter valued at about $7,025,000. Raymond James Financial Inc. bought a new stake in shares of iShares U.S. Regional Banks ETF in the fourth quarter valued at about $6,354,000. JPMorgan Chase & Co. boosted its position in shares of iShares U.S. Regional Banks ETF by 23.8% in the third quarter. JPMorgan Chase & Co. now owns 364,710 shares of the company’s stock valued at $17,338,000 after acquiring an additional 70,206 shares during the period. Banque Pictet & Cie SA bought a new stake in shares of iShares U.S. Regional Banks ETF in the fourth quarter valued at about $2,410,000. Finally, Cadent Capital Advisors LLC boosted its position in shares of iShares U.S. Regional Banks ETF by 136.5% in the fourth quarter. Cadent Capital Advisors LLC now owns 70,115 shares of the company’s stock valued at $3,531,000 after acquiring an additional 40,473 shares during the period.
iShares U.S. Regional Banks ETF Stock Up 0.7 %
IAT opened at $45.44 on Thursday. iShares U.S. Regional Banks ETF has a twelve month low of $38.75 and a twelve month high of $57.69. The company has a 50-day simple moving average of $51.30 and a 200 day simple moving average of $50.79. The stock has a market capitalization of $717.95 million, a price-to-earnings ratio of 12.63 and a beta of 1.11.
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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