Cadent Capital Advisors LLC acquired a new position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 29,642 shares of the company’s stock, valued at approximately $1,409,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Heritage Wealth Management Inc. bought a new position in iShares U.S. Regional Banks ETF during the 2nd quarter worth approximately $728,000. Sanctuary Advisors LLC bought a new position in shares of iShares U.S. Regional Banks ETF in the second quarter worth approximately $227,000. Cetera Investment Advisers grew its holdings in shares of iShares U.S. Regional Banks ETF by 3.0% in the second quarter. Cetera Investment Advisers now owns 30,525 shares of the company’s stock worth $1,266,000 after purchasing an additional 903 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new position in shares of iShares U.S. Regional Banks ETF in the second quarter worth $5,590,000. Finally, MidWestOne Financial Group Inc. raised its holdings in iShares U.S. Regional Banks ETF by 2.5% during the 2nd quarter. MidWestOne Financial Group Inc. now owns 35,357 shares of the company’s stock valued at $1,466,000 after buying an additional 848 shares during the last quarter.
iShares U.S. Regional Banks ETF Stock Down 0.6 %
Shares of IAT opened at $50.18 on Friday. The stock has a market capitalization of $722.59 million, a P/E ratio of 9.90 and a beta of 1.24. iShares U.S. Regional Banks ETF has a twelve month low of $30.46 and a twelve month high of $50.84. The firm has a fifty day simple moving average of $47.29 and a two-hundred day simple moving average of $44.12.
iShares U.S. Regional Banks ETF 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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