Gimbal Financial Makes New $4.28 Million Investment in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Gimbal Financial purchased a new position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 86,462 shares of the company’s stock, valued at approximately $4,280,000. iShares U.S. Regional Banks ETF makes up approximately 2.8% of Gimbal Financial’s holdings, making the stock its 10th largest holding. Gimbal Financial owned about 0.60% of iShares U.S. Regional Banks ETF as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cultivar Capital Inc. bought a new stake in iShares U.S. Regional Banks ETF in the second quarter valued at about $30,000. International Assets Investment Management LLC bought a new stake in iShares U.S. Regional Banks ETF during the 2nd quarter worth approximately $56,000. Woodmont Investment Counsel LLC bought a new position in iShares U.S. Regional Banks ETF in the 1st quarter valued at $152,000. PNC Financial Services Group Inc. boosted its stake in iShares U.S. Regional Banks ETF by 16.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,861 shares of the company’s stock worth $162,000 after purchasing an additional 534 shares in the last quarter. Finally, Game Plan Financial Advisors LLC grew its holdings in shares of iShares U.S. Regional Banks ETF by 6.1% during the second quarter. Game Plan Financial Advisors LLC now owns 5,250 shares of the company’s stock worth $218,000 after purchasing an additional 300 shares during the last quarter.

iShares U.S. Regional Banks ETF Stock Performance

IAT traded up $1.15 during midday trading on Wednesday, hitting $50.84. The company had a trading volume of 47,701 shares, compared to its average volume of 274,116. iShares U.S. Regional Banks ETF has a twelve month low of $31.31 and a twelve month high of $50.84. The firm’s 50-day simple moving average is $47.84 and its 200-day simple moving average is $44.54. The company has a market capitalization of $732.10 million, a PE ratio of 9.90 and a beta of 1.24.

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.