Ellis Investment Partners LLC Purchases 593 Shares of iShares U.S. Regional Banks ETF $IAT

Ellis Investment Partners LLC lifted its position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT) by 10.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,264 shares of the company’s stock after purchasing an additional 593 shares during the period. Ellis Investment Partners LLC owned about 0.05% of iShares U.S. Regional Banks ETF worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in shares of iShares U.S. Regional Banks ETF during the second quarter worth about $66,000. Golden State Wealth Management LLC grew its holdings in shares of iShares U.S. Regional Banks ETF by 101.4% during the first quarter. Golden State Wealth Management LLC now owns 564 shares of the company’s stock worth $26,000 after purchasing an additional 284 shares during the last quarter. MinichMacGregor Wealth Management LLC grew its holdings in shares of iShares U.S. Regional Banks ETF by 4.9% during the first quarter. MinichMacGregor Wealth Management LLC now owns 146,327 shares of the company’s stock worth $6,823,000 after purchasing an additional 6,837 shares during the last quarter. Benchmark Financial Wealth Advisors LLC bought a new stake in shares of iShares U.S. Regional Banks ETF during the first quarter worth about $1,153,000. Finally, Larson Financial Group LLC grew its holdings in shares of iShares U.S. Regional Banks ETF by 4.0% during the first quarter. Larson Financial Group LLC now owns 5,882 shares of the company’s stock worth $274,000 after purchasing an additional 225 shares during the last quarter.

iShares U.S. Regional Banks ETF Trading Up 2.0%

NYSEARCA:IAT opened at $49.94 on Tuesday. The stock has a market cap of $594.29 million, a P/E ratio of 12.39 and a beta of 1.09. The stock’s 50-day moving average is $52.28 and its 200-day moving average is $48.89. iShares U.S. Regional Banks ETF has a 1-year low of $38.30 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.