Ellis Investment Partners LLC Invests $290,000 in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Ellis Investment Partners LLC acquired a new position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,750 shares of the company’s stock, valued at approximately $290,000.

A number of other hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Regional Banks ETF by 23.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 364,710 shares of the company’s stock worth $17,338,000 after purchasing an additional 70,206 shares in the last quarter. MinichMacGregor Wealth Management LLC purchased a new position in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth approximately $7,025,000. Gimbal Financial purchased a new position in shares of iShares U.S. Regional Banks ETF during the 3rd quarter worth approximately $4,280,000. Cadent Capital Advisors LLC increased its stake in shares of iShares U.S. Regional Banks ETF by 136.5% during the 4th quarter. Cadent Capital Advisors LLC now owns 70,115 shares of the company’s stock worth $3,531,000 after purchasing an additional 40,473 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of iShares U.S. Regional Banks ETF by 4,667.4% during the 3rd quarter. International Assets Investment Management LLC now owns 64,693 shares of the company’s stock worth $3,076,000 after purchasing an additional 63,336 shares in the last quarter.

iShares U.S. Regional Banks ETF Price Performance

Shares of IAT opened at $52.36 on Monday. The stock has a market cap of $753.98 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 $38.75 and a 1-year high of $57.69. The firm has a 50 day simple moving average of $51.96 and a 200-day simple moving average of $50.26.

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.