International Assets Investment Management LLC Purchases New Holdings in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

International Assets Investment Management LLC purchased a new stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) in the 4th quarter, HoldingsChannel reports. The fund purchased 56,532 shares of the company’s stock, valued at approximately $2,365,000.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC purchased a new stake in iShares U.S. Regional Banks ETF in the 3rd quarter worth approximately $26,000. Bartlett & CO. Wealth Management LLC purchased a new stake in iShares U.S. Regional Banks ETF in the 4th quarter worth approximately $28,000. Planned Solutions Inc. purchased a new stake in iShares U.S. Regional Banks ETF in the 4th quarter worth approximately $30,000. Bessemer Group Inc. purchased a new stake in iShares U.S. Regional Banks ETF in the 4th quarter worth approximately $38,000. Finally, Harbour Investments Inc. lifted its position in iShares U.S. Regional Banks ETF by 187.5% in the 2nd quarter. Harbour Investments Inc. now owns 1,150 shares of the company’s stock worth $39,000 after buying an additional 750 shares in the last quarter.

iShares U.S. Regional Banks ETF Stock Up 2.5 %

IAT stock opened at $40.73 on Friday. iShares U.S. Regional Banks ETF has a 12-month low of $28.80 and a 12-month high of $43.47. The company has a market cap of $824.78 million, a price-to-earnings ratio of 8.82 and a beta of 1.09. The company has a 50 day moving average of $41.08 and a two-hundred day moving average of $38.82.

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.