Gallagher Capital Advisors LLC Purchases New Position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Gallagher Capital Advisors LLC acquired a new position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) in the 4th quarter, HoldingsChannel reports. The firm acquired 9,590 shares of the company’s stock, valued at approximately $483,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Global Trust Asset Management LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the fourth quarter valued at approximately $40,000. Farther Finance Advisors LLC purchased a new position in iShares U.S. Regional Banks ETF during the 3rd quarter valued at $39,000. FMR LLC raised its holdings in iShares U.S. Regional Banks ETF by 54.4% in the 3rd quarter. FMR LLC now owns 1,762 shares of the company’s stock worth $84,000 after purchasing an additional 621 shares in the last quarter. Finley Financial LLC bought a new position in iShares U.S. Regional Banks ETF in the 4th quarter worth $158,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF in the 3rd quarter worth about $157,000.

iShares U.S. Regional Banks ETF Price Performance

Shares of NYSEARCA IAT opened at $47.56 on Monday. iShares U.S. Regional Banks ETF has a 1 year low of $38.75 and a 1 year high of $57.69. The stock has a market capitalization of $751.45 million, a P/E ratio of 12.63 and a beta of 1.11. The company’s 50-day moving average is $51.49 and its 200 day moving average is $50.81.

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.