International Assets Investment Management LLC Buys New Stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

International Assets Investment Management LLC purchased 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 disclosure with the Securities and Exchange Commission. The fund purchased 56,532 shares of the company’s stock, valued at approximately $2,365,000. International Assets Investment Management LLC owned 0.28% of iShares U.S. Regional Banks ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in iShares U.S. Regional Banks ETF by 99.4% during the 2nd quarter. Royal Bank of Canada now owns 487,136 shares of the company’s stock worth $16,489,000 after buying an additional 242,874 shares during the period. Wells Fargo & Company MN increased its stake in iShares U.S. Regional Banks ETF by 57.1% during the 2nd quarter. Wells Fargo & Company MN now owns 359,444 shares of the company’s stock worth $12,167,000 after buying an additional 130,601 shares during the period. UBS Group AG increased its stake in iShares U.S. Regional Banks ETF by 215.2% during the 1st quarter. UBS Group AG now owns 289,386 shares of the company’s stock worth $10,357,000 after buying an additional 197,573 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in iShares U.S. Regional Banks ETF by 0.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 237,704 shares of the company’s stock worth $7,987,000 after buying an additional 1,848 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of iShares U.S. Regional Banks ETF by 93.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 157,738 shares of the company’s stock worth $5,296,000 after purchasing an additional 76,225 shares during the last quarter.

iShares U.S. Regional Banks ETF Stock Performance

Shares of iShares U.S. Regional Banks ETF stock opened at $40.73 on Friday. The firm has a market cap of $824.78 million, a PE ratio of 8.82 and a beta of 1.09. The firm’s 50-day simple moving average is $41.08 and its 200-day simple moving average is $38.82. iShares U.S. Regional Banks ETF has a 1 year low of $28.80 and a 1 year high of $43.47.

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.