Lido Advisors LLC acquired a new stake in iShares U.S. Regional Banks ETF (NYSEARCA:IAT – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 190,293 shares of the company’s stock, valued at approximately $10,889,000.
A number of other institutional investors also recently added to or reduced their stakes in the company. Equity Investment Corp purchased a new stake in shares of iShares U.S. Regional Banks ETF during the 3rd quarter worth $290,000. Parallel Advisors LLC acquired a new position in shares of iShares U.S. Regional Banks ETF in the 3rd quarter valued at $81,000. Commonwealth Equity Services LLC purchased a new stake in shares of iShares U.S. Regional Banks ETF in the third quarter valued at about $3,867,000. North Star Investment Management Corp. purchased a new stake in iShares U.S. Regional Banks ETF during the 3rd quarter valued at approximately $451,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of iShares U.S. Regional Banks ETF during the third quarter worth approximately $440,000.
iShares U.S. Regional Banks ETF Stock Performance
IAT stock opened at $60.63 on Thursday. iShares U.S. Regional Banks ETF has a one year low of $48.15 and a one year high of $66.15. The company has a fifty day moving average of $59.33 and a 200-day moving average of $59.27. The stock has a market capitalization of $645.71 million, a PE ratio of 12.39 and a beta of 0.91.
About iShares U.S. Regional Banks ETF
The iShares U.S. Regional Banks ETF (IAT) seeks to track the investment results of the Dow Jones U.S. Select Regional Banks Index. The fund provides targeted exposure to small- and mid-sized U.S. banks. The index uses a float-adjusted market-capitalization weighting methodology, meaning larger holdings have a greater influence on performance. Launched on May 1, 2006, the fund is managed by BlackRock Fund Advisors.
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