Raymond James Financial Inc. Invests $6.35 Million in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

Raymond James Financial Inc. bought a new stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 126,174 shares of the company’s stock, valued at approximately $6,354,000.

Several other large investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of iShares U.S. Regional Banks ETF by 3.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 37,437 shares of the company’s stock worth $1,780,000 after buying an additional 1,358 shares during the period. FMR LLC increased its position in shares of iShares U.S. Regional Banks ETF by 54.4% during the third quarter. FMR LLC now owns 1,762 shares of the company’s stock worth $84,000 after acquiring an additional 621 shares in the last quarter. Park Avenue Securities LLC bought a new position in shares of iShares U.S. Regional Banks ETF during the fourth quarter worth about $507,000. Truist Financial Corp raised its holdings in shares of iShares U.S. Regional Banks ETF by 27.6% in the fourth quarter. Truist Financial Corp now owns 109,413 shares of the company’s stock valued at $5,510,000 after purchasing an additional 23,682 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG acquired a new stake in iShares U.S. Regional Banks ETF in the 4th quarter valued at $453,000.

iShares U.S. Regional Banks ETF Trading Up 2.2 %

Shares of IAT opened at $47.61 on Tuesday. The company’s fifty day simple moving average is $50.54 and its 200 day simple moving average is $50.68. The company has a market cap of $745.10 million, a price-to-earnings ratio of 12.08 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.

About iShares U.S. Regional Banks ETF

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.