MinichMacGregor Wealth Management LLC Invests $7.03 Million in iShares U.S. Regional Banks ETF (NYSEARCA:IAT)

MinichMacGregor Wealth Management LLC purchased a new position in iShares U.S. Regional Banks ETF (NYSEARCA:IAT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 139,490 shares of the company’s stock, valued at approximately $7,025,000. MinichMacGregor Wealth Management LLC owned approximately 0.97% of iShares U.S. Regional Banks ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of iShares U.S. Regional Banks ETF by 23.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 364,710 shares of the company’s stock valued at $17,338,000 after purchasing an additional 70,206 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new stake in shares of iShares U.S. Regional Banks ETF during the second quarter valued at about $5,590,000. Gimbal Financial purchased a new position in shares of iShares U.S. Regional Banks ETF during the 3rd quarter worth approximately $4,280,000. Cadent Capital Advisors LLC increased its holdings in iShares U.S. Regional Banks ETF by 136.5% in the 4th quarter. Cadent Capital Advisors LLC now owns 70,115 shares of the company’s stock valued at $3,531,000 after purchasing an additional 40,473 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in iShares U.S. Regional Banks ETF by 4,667.4% in the third quarter. International Assets Investment Management LLC now owns 64,693 shares of the company’s stock valued at $3,076,000 after purchasing an additional 63,336 shares during the period.

iShares U.S. Regional Banks ETF Stock Down 1.4 %

NYSEARCA:IAT opened at $52.58 on Thursday. iShares U.S. Regional Banks ETF has a 52 week low of $38.40 and a 52 week high of $57.69. The stock’s fifty day moving average is $52.85 and its two-hundred day moving average is $49.40. The stock has a market capitalization of $757.15 million, a price-to-earnings ratio of 9.90 and a beta of 1.24.

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.