Lido Advisors LLC purchased a new position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 190,938 shares of the company’s stock, valued at approximately $10,280,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in IAT. Two Sigma Investments LP raised its stake in iShares U.S. Regional Banks ETF by 154.3% during the third quarter. Two Sigma Investments LP now owns 193,000 shares of the company’s stock valued at $10,138,000 after buying an additional 117,100 shares during the last quarter. Jain Global LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF in the third quarter worth $3,544,000. Equitable Holdings Inc. bought a new position in shares of iShares U.S. Regional Banks ETF during the fourth quarter valued at $2,719,000. Truist Financial Corp raised its position in shares of iShares U.S. Regional Banks ETF by 72.2% in the 4th quarter. Truist Financial Corp now owns 110,873 shares of the company’s stock worth $6,115,000 after purchasing an additional 46,477 shares during the last quarter. Finally, Game Plan Financial Advisors LLC boosted its stake in iShares U.S. Regional Banks ETF by 755.9% in the 4th quarter. Game Plan Financial Advisors LLC now owns 43,379 shares of the company’s stock worth $2,392,000 after purchasing an additional 38,311 shares in the last quarter.
iShares U.S. Regional Banks ETF Stock Performance
Shares of IAT stock opened at $63.30 on Friday. The company has a market capitalization of $674.14 million, a price-to-earnings ratio of 12.39 and a beta of 0.88. iShares U.S. Regional Banks ETF has a one year low of $47.37 and a one year high of $65.32. The company’s 50-day moving average is $60.40 and its 200 day moving average is $58.16.
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.
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