iShares U.S. Regional Banks ETF (NYSEARCA:IAT) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,169 shares of the company’s stock after purchasing an additional 8,360 shares during the period. Envestnet Asset Management Inc. owned about 0.57% of iShares U.S. Regional Banks ETF worth $4,542,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Private Advisor Group LLC increased its stake in shares of iShares U.S. Regional Banks ETF by 40.2% in the 1st quarter. Private Advisor Group LLC now owns 5,123 shares of the company’s stock worth $302,000 after acquiring an additional 1,469 shares during the last quarter. Synovus Financial Corp purchased a new position in shares of iShares U.S. Regional Banks ETF in the 1st quarter valued at about $203,000. Cetera Investment Advisers boosted its stake in shares of iShares U.S. Regional Banks ETF by 6.2% in the 1st quarter. Cetera Investment Advisers now owns 6,862 shares of the company’s stock valued at $404,000 after buying an additional 398 shares during the period. Baird Financial Group Inc. boosted its stake in shares of iShares U.S. Regional Banks ETF by 57.5% in the 1st quarter. Baird Financial Group Inc. now owns 6,198 shares of the company’s stock valued at $365,000 after buying an additional 2,263 shares during the period. Finally, Equitable Holdings Inc. lifted its stake in iShares U.S. Regional Banks ETF by 21.8% during the first quarter. Equitable Holdings Inc. now owns 16,471 shares of the company’s stock worth $970,000 after purchasing an additional 2,950 shares during the last quarter.

iShares U.S. Regional Banks ETF Stock Down 0.1 %

IAT opened at $36.42 on Tuesday. The firm has a market cap of $737.51 million, a price-to-earnings ratio of 8.82 and a beta of 1.09. iShares U.S. Regional Banks ETF has a 52 week low of $28.80 and a 52 week high of $53.92. The business’s 50 day moving average is $33.48 and its two-hundred day moving average is $34.45.

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.