Stelac Advisory Services LLC Invests $453,000 in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Stelac Advisory Services LLC acquired a new position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,994 shares of the company’s stock, valued at approximately $453,000. Stelac Advisory Services LLC owned approximately 0.06% of iShares U.S. Regional Banks ETF at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Independent Advisor Alliance acquired a new stake in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth approximately $3,093,000. Gallagher Capital Advisors LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth approximately $483,000. PNC Financial Services Group Inc. grew its holdings in shares of iShares U.S. Regional Banks ETF by 38.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,409 shares of the company’s stock worth $172,000 after purchasing an additional 940 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth approximately $6,354,000. Finally, Atria Investments Inc acquired a new stake in shares of iShares U.S. Regional Banks ETF during the 4th quarter worth approximately $1,008,000.

iShares U.S. Regional Banks ETF Trading Up 0.7 %

Shares of NYSEARCA:IAT opened at $45.44 on Thursday. The business’s 50 day moving average is $51.30 and its 200-day moving average is $50.79. The firm has a market capitalization of $717.95 million, a PE ratio of 12.63 and a beta of 1.11. iShares U.S. Regional Banks ETF has a 1-year low of $38.75 and a 1-year high of $57.69.

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.