Muirfield Wealth Advisors LLC Takes Position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Muirfield Wealth Advisors LLC bought a new position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) during the fourth quarter, Holdings Channel.com reports. The fund bought 7,262 shares of the company’s stock, valued at approximately $366,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. purchased a new stake in shares of iShares U.S. Regional Banks ETF in the 4th quarter valued at approximately $343,000. DAVENPORT & Co LLC purchased a new position in iShares U.S. Regional Banks ETF in the fourth quarter valued at $591,000. Apeiron RIA LLC purchased a new position in iShares U.S. Regional Banks ETF in the fourth quarter valued at $599,000. MinichMacGregor Wealth Management LLC acquired a new stake in iShares U.S. Regional Banks ETF in the fourth quarter valued at $7,025,000. Finally, Janney Montgomery Scott LLC purchased a new stake in iShares U.S. Regional Banks ETF during the 4th quarter worth about $1,234,000.

iShares U.S. Regional Banks ETF Stock Performance

IAT opened at $53.14 on Monday. iShares U.S. Regional Banks ETF has a one year low of $38.40 and a one year high of $57.69. The company has a market cap of $765.22 million, a P/E ratio of 9.90 and a beta of 1.24. The business’s 50-day simple moving average is $52.62 and its 200-day simple moving average is $49.90.

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.