Magnolia Capital Advisors LLC Takes $5.59 Million Position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Magnolia Capital Advisors LLC bought a new position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 134,817 shares of the company’s stock, valued at approximately $5,590,000. Magnolia Capital Advisors LLC owned approximately 0.94% of iShares U.S. Regional Banks ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in IAT. Aveo Capital Partners LLC increased its holdings in iShares U.S. Regional Banks ETF by 25.2% during the 4th quarter. Aveo Capital Partners LLC now owns 42,193 shares of the company’s stock worth $1,765,000 after purchasing an additional 8,496 shares in the last quarter. Wells Fargo & Company MN grew its holdings in iShares U.S. Regional Banks ETF by 5.3% during the fourth quarter. Wells Fargo & Company MN now owns 343,389 shares of the company’s stock worth $14,367,000 after buying an additional 17,169 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in iShares U.S. Regional Banks ETF by 81.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 66,374 shares of the company’s stock valued at $2,777,000 after buying an additional 29,884 shares during the last quarter. Jones Financial Companies Lllp bought a new position in iShares U.S. Regional Banks ETF during the 4th quarter valued at $327,000. Finally, Edge Capital Group LLC boosted its holdings in iShares U.S. Regional Banks ETF by 10.9% during the 4th quarter. Edge Capital Group LLC now owns 50,430 shares of the company’s stock worth $2,110,000 after acquiring an additional 4,943 shares during the last quarter.

iShares U.S. Regional Banks ETF Price Performance

NYSEARCA IAT opened at $47.05 on Friday. The company has a fifty day moving average price of $46.77 and a 200-day moving average price of $43.50. The firm has a market cap of $677.52 million, a price-to-earnings ratio of 9.90 and a beta of 1.24. iShares U.S. Regional Banks ETF has a 1 year low of $30.46 and a 1 year high of $48.99.

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.