Heritage Wealth Management Inc. Invests $728,000 in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Heritage Wealth Management Inc. purchased a new position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 17,850 shares of the company’s stock, valued at approximately $728,000. Heritage Wealth Management Inc. owned 0.12% of iShares U.S. Regional Banks ETF as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Chicago Partners Investment Group LLC purchased a new position in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth $209,000. Transcendent Capital Group LLC purchased a new position in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth $55,000. Edge Capital Group LLC raised its holdings in shares of 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 period. Game Plan Financial Advisors LLC raised its holdings in shares of iShares U.S. Regional Banks ETF by 23.8% during the 1st quarter. Game Plan Financial Advisors LLC now owns 4,950 shares of the company’s stock worth $215,000 after acquiring an additional 950 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth about $130,000.

iShares U.S. Regional Banks ETF Trading Down 2.9 %

Shares of NYSEARCA:IAT opened at $46.15 on Wednesday. The business has a 50-day moving average price of $46.79 and a 200 day moving average price of $43.56. The company has a market capitalization of $664.56 million, a price-to-earnings ratio of 9.90 and a beta of 1.24. iShares U.S. Regional Banks ETF has a 12-month low of $30.46 and a 12-month high of $48.99.

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.