Independent Financial Group LLC purchased a new position in shares of iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,860 shares of the company’s stock, valued at approximately $423,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Two Sigma Investments LP increased its position in iShares U.S. Regional Banks ETF by 154.3% in the 3rd quarter. Two Sigma Investments LP now owns 193,000 shares of the company’s stock valued at $10,138,000 after acquiring an additional 117,100 shares in the last quarter. Jain Global LLC acquired a new position in shares of iShares U.S. Regional Banks ETF during the third quarter worth approximately $3,544,000. Equitable Holdings Inc. acquired a new position in shares of iShares U.S. Regional Banks ETF during the fourth quarter worth approximately $2,719,000. Truist Financial Corp lifted its position in shares of iShares U.S. Regional Banks ETF by 72.2% during the fourth 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 in the last quarter. Finally, Game Plan Financial Advisors LLC grew its stake in shares of iShares U.S. Regional Banks ETF by 755.9% during the fourth quarter. Game Plan Financial Advisors LLC now owns 43,379 shares of the company’s stock valued at $2,392,000 after purchasing an additional 38,311 shares during the last quarter.
iShares U.S. Regional Banks ETF Price Performance
Shares of iShares U.S. Regional Banks ETF stock opened at $63.74 on Friday. The firm has a market cap of $678.83 million, a P/E ratio of 12.39 and a beta of 0.88. The firm has a 50 day simple moving average of $60.57 and a 200 day simple moving average of $58.20. iShares U.S. Regional Banks ETF has a fifty-two week low of $47.37 and a fifty-two week high of $65.32.
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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